Business travel not restricted despite Ebola outbreak of ‘international concern’

Business travel not restricted despite Ebola outbreak of ‘international concern’

Business travel not restricted despite Ebola outbreak of ‘international concern’

The World Health Organisation (WHO) has declared the year-long outbreak of Ebola in the Democratic Republic of Congo (DRC) to be of “international concern”. However, borders remain open and the advice to business travellers is to carry on. Yesterday, the WHO said borders need not close and it is mindful of causing a huge economic dip by closing the borders…

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains failing to make progress on child labour risk, finds Verisk Maplecroft

Global manufacturing supply chains that operate through the world’s major hubs are making little or no progress in stamping out child labour, finds new research from Verisk Maplecroft. In its Child Labour Index, the risk analytics firm said manufacturing hubs most entwined in global supply chains – including China, India, Bangladesh, Vietnam and Cambodia – have “not recorded any improvement”…

DRC liberalises insurance sector

DRC liberalises insurance sector

DRC liberalises insurance sector

After 50 years of state monopoly, the Democratic Republic of Congo (DRC) has liberalised its insurance sector. The country now has three licensed non-life insurers, one life insurer, and two insurance brokers. Rupert Weterings, of AIB Brokers, one of the brokers to win a licence, said: “We do expect that SONAS (the state insurer) will get its licence in the…

Positive election results not necessarily a panacea

Positive election results not necessarily a panacea

Positive election results not necessarily a panacea

Opposition leader Felix Tshisekedi’s victory in the Democratic Republic of Congo’s presidential election appears to be a turning point for many, but risks remain. James Fox, global information analyst at Axco Insurance Information Services, explained: “The UN commended the conduct of the vote and congratulated the long-suffering Congolese people, as the streets of Kinshasa filled with celebrating supporters. Rival opposition leaders and…

Ebola outbreak poses wider risk

Ebola outbreak poses wider risk

Ebola outbreak poses wider risk

The latest Ebola outbreak in the Democratic Republic of the Congo (DRC) could pose a much broader threat as medics struggle to keep it under control, warned an expert at Commercial Risk Europe’s supply chain conference…

Insurance regulation in Africa: CIMA – the benefits and challenges

Insurance regulation in Africa: CIMA – the benefits and challenges

Insurance regulation in Africa: CIMA – the benefits and challenges

Understanding changing insurance markets and regulatory developments is critical to making sure multinational programmes are compliant and competitive, no matter where they are located, and the implications can be challenging. Insurance regulators are increasingly looking to nurture risk capacity, cultivate insurance expertise and retain premiums within their insurance markets – and this can have important consequences for multinational companies, particularly…

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

Into Africa: how risk managers can use global programmes as part of their strategy in this fast-changing area

There has been an uptick in protectionism in the insurance markets of many African countries, with regulators imposing measures such as compulsory domestic cessions to state reinsurers, the introduction of minimum net premium retention levels, market capacity sharing and higher capital requirements for reinsurance cessions overseas. Erich Bentz, network partner relationship manager for EMEA and regional director of global programmes…

Work starts on dry port between DRC and Zambia

Work starts on dry port between DRC and Zambia

Work starts on dry port between DRC and Zambia

The risk of transporting goods between the Democratic Republic of the Congo (DRC) and Zambia is set to reduce as work starts on a dry port at the border crossing between the two countries. Commissioning of construction of a $300m dry port at Kasumbalesa border post, on the DRC and Zambia border, has taken place and construction is expected to…

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