African initiatives in parametric insurance for agriculture

African initiatives in parametric insurance for agriculture

African initiatives in parametric insurance for agriculture

Parametric or index-based insurance can play a significant role in closing the insurance protection gap – the gap between insured and uninsured losses – and fostering global resilience to the impacts of climate change. Parametric insurance Conventional insurance indemnifies the policyholder for the loss it incurs from an insured event. Parametric insurance pays a fixed amount upon the occurrence of…

Managing the risks associated with workplace sexual harassment and misconduct around the world

Managing the risks associated with workplace sexual harassment and misconduct around the world

Managing the risks associated with workplace sexual harassment and misconduct around the world

Sexual abuse, harassment and misconduct continue to place higher up the political and social agenda globally, following a raft of allegations in ever-widening high-profile sectors. Increasing public awareness has burst the dam of secrecy, resulting in a tsunami of calls for greater transparency across many organisations and industries. As a consequence, corporate cultures must change to ensure appropriate safeguards are…

South Africa: a new international arbitration hub

South Africa: a new international arbitration hub

South Africa: a new international arbitration hub

Rob Scott and Alon Meyerov, of Clyde & Co in South Africa, examine the likely emergence of South Africa as an arbitration hub, following its adoption of The International Arbitration Act For risk managers, or indeed anyone who may have cause to be involved in dispute resolution, the development of South Africa as a centre for international arbitration will be…

Growth likely for CIMA markets

Growth likely for CIMA markets

Growth likely for CIMA markets

Changes in the rules among the francophone countries signed up to the CIMA Code are bearing fruit, according to ratings agency AM Best. Below, we discuss its latest report on the region Insurers and reinsurers have some excellent opportunities for growth in the CIMA countries of francophone Africa. According to an AM Best insurance market report on the 14 countries…

Emerging risk landscape hots up as law firms seek opportunities

Emerging risk landscape hots up as law firms seek opportunities

Emerging risk landscape hots up as law firms seek opportunities

Litigation funders are travelling the world looking for fertile ground to bring claims and finding success in an increasing number of places, warns Tricia Hobson, Norton Rose Fulbright global chair and head of its Australia and Asia-Pacific insurance practice. Speaking in London recently, she said much of the pattern of behaviour follows the US, but claimant lawyers and litigation funders…

The right to be forgotten

The right to be forgotten

The right to be forgotten

The recent global focus on Facebook and Cambridge Analytica’s use of data and the forthcoming General Data Protection Regulation (GDPR) have thrown the spotlight on data and privacy issues. An important issue in this context is whether an individual has the right for that data to be removed or forgotten. A recent UK High Court ruling has found that individuals…

Major insurance regulatory change ahead in Namibia

Major insurance regulatory change ahead in Namibia

Major insurance regulatory change ahead in Namibia

Treating customers fairly and adapting to a changing environment is driving regulatory change across Naimbia, particularly for the insurance sector. Kenneth Matomola, chief executive of the Namibian Financial Institutions Supervisory Authority (Namfisa), has outlined a series of regulatory reforms soon to be addressed by parliament, with plans to see the changes endorsed within the current parliamentary terms. The changes include…

China tops TMF Group’s latest Financial Complexity Index

China tops TMF Group’s latest Financial Complexity Index

China tops TMF Group’s latest Financial Complexity Index

The most complex nation in terms of financial compliance is China, according to the latest Financial Complexity Index 2018 from TMF Group, largely driven by the continued embedding of the Golden Tax System, which aims to introduce stricter monitoring and enhanced data sorting and transparency. The Cayman Islands was the least complex jurisdiction out of the 94 jurisdictions covered by…

The risks of court choices highlighted in new case

The risks of court choices highlighted in new case

The risks of court choices highlighted in new case

When assessing the potential risks to, and exposures from, potential litigation, it can be important to consider the corporate structure of your organisation. As the recent jurisdiction cases where we have seen attempts to bring African liabilities before the UK courts illustrate, the position is not clearcut. In a recent article (Trend of environmental litigation against holding corporations on the…

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