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…

Nigerian risk managers warn consumers are trusting God not insurance

Nigerian risk managers warn consumers are trusting God not insurance

Nigerian risk managers warn consumers are trusting God not insurance

A group of risk managers in Lagos warned that too many people still do not trust insurers to provide the right products, particularly in the face of environmental, social and governance challenges brought on by climate change. Speaking on the sidelines of the second PSI African Market Event in Lagos this week, hosted by Continental Re, which was the first…

RIMS report highlights need for active shooter plan

RIMS report highlights need for active shooter plan

RIMS report highlights need for active shooter plan

US risk association RIMS has produced a new report – Active Shooter Preparedness for Your Organisation – encouraging its members to customise an active shooter plan that focuses on prevention, training, feedback and post-incident protocols. In doing so their workforce will be mentally and physically prepared to react to violent threats, the report says. The need for this was recently…

Unemployment tops risk list for South Africa

Unemployment tops risk list for South Africa

Unemployment tops risk list for South Africa

Structurally high unemployment tops the risk list, according to the Risk Report 2019 from the Institute of Risk Management South Africa (IRMSA). That is followed by growing income disparity and inequality. Good news includes unmanageable fraud and corruption dropping from second to fourth on the list. But it is no surprise that inadequate and/or sub-standard education and skills development is…

Risk managers must first look inwards

Risk managers must first look inwards

Risk managers must first look inwards

The future risk manager needs to engage in introspection about his or her role and ethical behaviour. According to Zanele Makhubo, chair of the Institute of Risk Management (IRM) South Africa regional group, and director: enterprise risk management at Guateng Department of Human Settlement: “Continuous sharpening of the saw is the key for success and dealing with rapid change for…

Is risk management growing up across Africa?

Is risk management growing up across Africa?

Is risk management growing up across Africa?

Independent financial services journalist Katya Stead says, ‘I have been to every IRMSA conference since they started – so why was this year different?’, as she reports from the Institute of Risk Management South Africa’s annual event While President of South Africa Cyril Ramaphosa presided over the country’s crucial job summit, a stone’s throw away, the 2018 Institute of Risk…

Survival of the fittest

Survival of the fittest

Survival of the fittest

The chances of a business surviving long into the future are that much smaller in today’s fast -moving world. In a place where reputations can be destroyed in minutes, global names disappear at the drop of a hat and millions can be wiped off the company balance sheet in seconds, it is no wonder that some of the world’s oldest…

What can the risk manager do?

What can the risk manager do?

What can the risk manager do?

As demand for greater risk management increases from the insurance industry, Christopher Palm, of the Institute of Risk Management South Africa, considers how risk managers can make themselves future-fit and win over the ears of the board Becoming creative about risk management rather than depending purely on process should enable risk managers to earn their invite to the boardroom and…

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