The new European Regulation on drones and its implementation into the Spanish legal system

The new European Regulation on drones and its implementation into the Spanish legal system

The new European Regulation on drones and its implementation into the Spanish legal system

Unmanned aircraft systems (UAS), or drones, are a growth area within the aviation sector, poised to generate significant economic growth and social benefits. As reported in Commercial Risk Africa and Commercial Risk Asia last month, the term UAS includes a wide variety of aircraft, from very large aircraft similar in size and complexity to manned aircraft, to small consumer aircraft.…

Tax relief promised for Zimbabwe insurers

Tax relief promised for Zimbabwe insurers

Tax relief promised for Zimbabwe insurers

Zimbabwe’s insurance industry has welcomed a decision to end a 2% transaction tax on insurance deals. The Zimbabwe finance minister promised further exemptions to the 2% transaction tax in the country’s budget announcement last week. The 170 insurers attending the Insurance Institute of Zimbabwe’s (IIZ) annual conference in Victoria Falls last month had urged the government to do away with…

Battle against climate change most acute in Africa

Battle against climate change most acute in Africa

Battle against climate change most acute in Africa

The African Development Bank (AfDB) is spearheading the African fight to limit climate change impacts, which have been strongly highlighted at global climate change talks. It has also just approved major solar-farm funding in Kenya and South Africa. The AfDB is at the Katowice Climate Change Conference (also known as COP24) to ensure that the voice of Africa is heard…

Pensions Regulator forces pension scheme back to the UK

Pensions Regulator forces pension scheme back to the UK

Pensions Regulator forces pension scheme back to the UK

The Pensions Regulator (TPR) in the UK announced in September its new, tougher regulatory approach. But a TPR intervention report – about the Martin Currie Retirement and Death Benefits Plan (the Plan) – also published in September, shows how TPR has increasingly been prepared to use its powers to protect a defined benefit (DB) scheme. As reported previously in Commercial…

Be prepared for climate change impact

Be prepared for climate change impact

Be prepared for climate change impact

The impact of climate change on Africa is set to be among the most severe, but people are quickly forgetting the terrible weather events of 2017 and are in danger of not preparing for the risks ahead, warned Sory Diomande at a recent conference in Zimbabwe Africa faces some of the worst impacts of global climate change, despite having been…

South African risk manager makes top membership grade

South African risk manager makes top membership grade

South African risk manager makes top membership grade

South African Zanele Makhubo, CFIRM, director, enterprise risk management, Gauteng Department of Human Settlement, has been awarded the highest grade of membership by the Institute of Risk Management (IRM). She completed the senior executive route to take the award. Ms Makhubo is also chair of the IRM’s South African regional group. She said: “I was excited to be awarded the…

AM Best affirms rating for Continental Re

AM Best affirms rating for Continental Re

AM Best affirms rating for Continental Re

Continental Re’s balance sheet strength, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management, have contributed to AM Best affirming its ratings. AM Best said the Nigeria-headquartered reinsurer has a financial strength rating of B+ (Good) and a long-term issuer credit rating of bbb-. The outlook of these credit ratings is stable. Best stated:…

Travel threat grows in northern Mozambique

Travel threat grows in northern Mozambique

Travel threat grows in northern Mozambique

Business travellers heading to northern Mozambique are being warned to take extra care, as the threat from militants grows. Seamus Duggan, senior analyst at Control Risks said: “It has been a year since Islamist militant group al-Sunnah staged its first attack in Mozambique’s gas-rich Cabo Delgado province.” He warned that the threat posed by the group will continue to grow…

Without drone-ing on… a legal overview of drones in South Africa

Without drone-ing on… a legal overview of drones in South Africa

Without drone-ing on… a legal overview of drones in South Africa

The remotely piloted aircraft systems (RPAS) industry in South Africa is slowly gaining traction and is expected to take off swiftly into the horizon in the foreseeable future. In the South African market, the most common uses of RPAS are for personal or commercial use, the latter encompassing filmmaking, aerial surveys, search-and-rescue operations, agricultural observations such as crop counting, climate…