Africa
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Data key to African insurers’ sustainability
Data and the use of information will be critical for insurers’ sustainability, delegates at a recent webinar heard. Zep Re…
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Kenyan companies warned that banks are preparing for bad loans
Company defaults on debt are expected to surge in Kenya as the Covid-19 pandemic hits the east African economy hard.…
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Covid-19: South African risks and opportunities
“Never let a good crisis go to waste,” said Rahm Emanuel during the 2008 global financial crisis. “This catchphrase has…
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Risk intelligence key to a sustainable future
Only by building risk-intelligent organisations will leaders be able to overcome six distinct global threats identified by the Institute of…
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Social media remains key reputational risk
A recent tweet by a director of Cricket South Africa relating to a cancelled sponsorship highlights an issue for South…
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Covid-19 gives Africa opportunity for transformation
The Covid-19 pandemic has undoubtedly eroded the overall improvement in risk-reward scores seen across the African continent in recent years,…
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Aon survey finds ‘workforce agility gap’
An agile workforce has become a priority for businesses as they begin to rethink human resources (HR) following the Covid-19…
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Africa Re’s profits hold steady despite Covid-19
African Reinsurance Corporation (Africa Re) achieved gross premium income of $393.04m at the end of the second quarter of 2020,…
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Continental Re sees profits rise amid cautious optimism
Continental Re has reported, as at half-year 2020, strong growth across all key metrics. It said gross premium income at…
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Zimbabwe organisations must raise their game on risk management
Companies in Zimbabwe must invest more in enterprise risk management (ERM), according to a new survey from the Institute of…
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Covid-19 increases corporate exposure to modern slavery, finds Maplecroft index
The economic fallout from Covid-19 will increase the risk of modern slavery seeping into supply chains, warned Verisk Maplecroft in…
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Fitch launches interactive ESG dashboard for global financial institutions
Fitch Ratings has rolled out a dashboard that will allow users to see the environmental, social and governance (ESG) scores…
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Zurich UK names Bailey as new CEO
Tim Bailey has been appointed CEO for Zurich’s UK business where he takes over from Tulsi Naidu, who is becoming…
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Global insolvency rates to rise 26% in 2020, says Atradius
Global corporate insolvencies are forecast to swell by 26% this year, with most booked to the second half of 2020…
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President Buhari signs off Nigeria’s membership in ATI
Nigeria has become the latest full member country of Africa Trade Insurance Agency (ATI), after President Muhammadu Buhari signed the…
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Standard & Poor’s reaffirms Africa Re’s financial rating at A-
Standard & Poor’s has reaffirmed the financial strength rating of the African Reinsurance Corporation (Africa Re) at A- (strong) with…
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Solid growth to continue for Maghreb insurance markets despite challenges, says Best
The insurance markets of the Maghreb region – Morocco, Algeria and Tunisia – have seen solid growth in the last…
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Coverage trade-offs needed to create pandemic pool solution, says LIIBA
London and International Insurance Brokers Association (LIIBA) CEO Christopher Croft said any government backed pandemic insurance solution will need a…
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ATI names new CEO
Manuel Moses has been appointed CEO of the African Trade Insurance Agency (ATI), as the board confirmed a number of…
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International SOS launches Covid-19 business risk map
International SOS has launched a Covid-19 impact map that tracks health, security and logistic risks at country level to help…