AMRAE’s Club FrancoRisk to launch Rimap certification for risk managers in Francophone Africa

AMRAE’s Club FrancoRisk to launch Rimap certification for risk managers in Francophone Africa

AMRAE’s Club FrancoRisk to launch Rimap certification for risk managers in Francophone Africa

Club FrancoRisk, the group launched by French risk management association AMRAE to promote risk management across the 15 French-speaking African nations, is launching a training programme to give African risk managers the opportunity to gain international accreditation through Rimap, Ferma’s certification scheme launched in 2015. The announcement came on the opening day of the AMRAE conference in Deauville, Normandy, at…

Five-year view sees risks materialise for South African companies

Five-year view sees risks materialise for South African companies

Five-year view sees risks materialise for South African companies

The Institute of Risk Management South Africa (IRMSA) has warned that looking back over the past five years, many risks have materialised. IRMSA is about to launch its South Africa Risk Report 2020 – the sixth edition – but said it was disappointing because first, South African and industry risk profiles have remained largely the same; and second, most of…

Insurers look to put a price on climate change risk

Insurers look to put a price on climate change risk

Insurers look to put a price on climate change risk

Insurers and risk managers need to model and price for climate change risk and build resilience, as a warmer world looks ever more likely, according to Zurich Insurance Group. Two studies published last week indicate the risks of a warmer world are increasing, as governments fail to adequately tackle climate change. The latest annual UN emissions gap report reveals that…

Corporates urged to step up climate disclosure as liability and regulatory risk gather pace

Corporates urged to step up climate disclosure as liability and regulatory risk gather pace

Corporates urged to step up climate disclosure as liability and regulatory risk gather pace

A failure by corporates to improve climate risk disclosure would invite further regulation, according to experts taking part in a webinar hosted by Commercial Risk. Panellists agreed that while it is “early days” for companies adopting the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), some corporates are not taking the measures seriously enough. Neil Beresford, a partner…

Is it conflict of interest or relationships?

Is it conflict of interest or relationships?

Is it conflict of interest or relationships?

Conflict of interest has been topical in recent history, with the debacle of ‘state capture’ and scandals such as Steinhoff raising questions about the effectiveness of the governance structures existing within the corporate and public sectors in South Africa. Lindiwe Magobholi, Institute of Risk Management South Africa (IRMSA) risk intelligence committee member, asks: “Are governance structures even there? Do they…

Unemployment threatens security and safety in South Africa

Unemployment threatens security and safety in South Africa

Unemployment threatens security and safety in South Africa

Unemployment and growing income disparity have been drags on the South African economy for some years. However, as Christopher Palm, 
chief risk adviser, Institute of Risk Management South Africa, reports, the problem is simply not going away. For risk managers, he says 
there are some very serious threats to factor into their risk thinking The top risk in South Africa…

Putting yourself forward

Putting yourself forward

Putting yourself forward

Here we meet two members of the Institute of Risk Management (IRM) in Africa – one from Zimbabwe and the other from Uganda – who have both benefited from putting themselves forward to become risk managers Kesande Dianah Sharon is a risk analyst at Equity Bank Uganda and has a Bachelor’s Degree In Procurement and Supply Chain Management; a Diploma…

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

RIMS paper says risk managers and IT must boost collaboration

A new whitepaper from RIMS says risk managers and IT professionals still struggle to communicate on digital risks. It lays out ways for the two functions to better collaborate and speak the same language to close the protection gap. The Bridging the Digital Risk Gap paper by RIMS and ISACA, an international association focused on IT governance, says risk management and…

Risk management not valued by 40% of South African companies

Risk management not valued by 40% of South African companies

Risk management not valued by 40% of South African companies

Almost 40% of South African risk managers have said risk management is not valued by their organisation. Responding to a survey from the Institute of Risk Management South Africa (IRMSA), 39.96% of risk managers said risk management was not valued in their organisation. As part of the 2019 annual member survey, 448 respondents were asked: “What obstacles do you encounter…

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