Mozambique cyclones hit hard

Mozambique cyclones hit hard

Mozambique cyclones hit hard

Few countries in Africa have encountered and withstood such difficult weather-related and destabilising events as Cyclone Idai and Kenneth. Officials said they were unable to respond to the challenging circumstances that resulted from unprecedented damage caused by back-to-back cyclones. Institutional weaknesses further magnified these problems: lack of an advance evacuation plan, low insurance coverage for properties, lack of resources, poorly…

Zimbabwe insurers call for public inquiry as policyholders struggle with inflation

Zimbabwe insurers call for public inquiry as policyholders struggle with inflation

Zimbabwe insurers call for public inquiry as policyholders struggle with inflation

Insurers in Zimbabwe have warned parliament that it needs to launch a new commission of inquiry to establish the value of insurance policies between 2016 to date, as they have been eroded by inflation. The problems with inflation are affecting both the general insurance market and the life sector. A commission of inquiry had already been launched to determine the…

Mozambique receives funding to build risk management

Mozambique receives funding to build risk management

Mozambique receives funding to build risk management

Mozambique’s Disaster Risk Management (DRM) and Resilience Program has been given a $90m grant from the World Bank’s International Development Association (IDA). This financing will support the implementation of the government’s second DRM masterplan, which seeks to improve financial protection against natural disaster, including the operationalisation and capitalisation of the recently established Disaster Management Fund; strengthen disaster preparedness and response;…

OESAI names new secretary general

OESAI names new secretary general

OESAI names new secretary general

Linet Macharia has been appointed as the secretary general and CEO of the Organisation  of Eastern and Southern Africa Insurers (OESAI). Ms Macharia will be responsible for the day-to-day running of the OESAI, implementing the organisation’s strategy and marketing, developing relationships with OESAI key stakeholders, and creating value for OESAI members and the industry through various OESAI services and activities.…

New CEO for Zimnat General Insurance

New CEO for Zimnat General Insurance

New CEO for Zimnat General Insurance

Stanley Mazorodze has been appointed as CEO of Zimnat General Insurance in Zimbabwe. Mr Mazorodze recently celebrated 30 years in the insurance industry, and in the last year has spearheaded the expansion of the business portfolio through UMA partnerships with THI, GeneInsure and the Bonds & Guarantees business. Mr Mazorodze said: “I create my own market, I don’t chase competition,…

Business disrupted across southern Africa by Cyclone Idai

Business disrupted across southern Africa by Cyclone Idai

Business disrupted across southern Africa by Cyclone Idai

Business across Mozambique, Malawi and Zimbabwe has been severely disrupted by Cyclone Idai, which has left more than 1,000 dead in Mozambique alone. Deaths have reached nearly 100 in Zimbabwe and huge swathes of all three countries have been left without power, with roads washed away and all communications down. The storm has disrupted many businesses but hit the mining…

Obituary: Dawid Welman

Obituary: Dawid Welman

Obituary: Dawid Welman

Dawid Welman, founder of the Namibian chapter of the Institute of Risk Management South Africa (IRMSA) and head of group risk management at Ohlthaver & List Group of Companies (O&L Group), has died suddenly. An IRMSA statement said: “It is with great sadness that we advise of the recent passing on of one of IRMSA’s most esteemed members, Dawid Welman.…

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Risks of ill health at work highlighted as Lesotho tops female suicide list

Lesotho has topped the suicide list for women globally, as the World Health Organisation (WHO) revealed someone commits suicide every 40 seconds. Companies are being urged to encourage staff to be more open about mental health issues. Anna Brattstrom, global head of statistics and analytics at Axco Insurance Information Services, said: “Last month, we celebrated the Time to Talk Day 2019 – a…

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