Advice for African risk managers on keeping safe through the Covid-19 pandemic

Advice for African risk managers on keeping safe through the Covid-19 pandemic

Advice for African risk managers on keeping safe through the Covid-19 pandemic

South African risk managers have been warned that businesses face an upturn in the threat of social unrest and crime as the country remains locked down to cope with Covid-19. The Institute of Risk Management South Africa has highlighted two of the most significant risks to have emerged from this pandemic – the potential of social unrest and a likely…

Aon launches Covid-19 workforce risk assessment tool

Aon launches Covid-19 workforce risk assessment tool

Aon launches Covid-19 workforce risk assessment tool

Aon has launched an interactive tool to help companies measure the effects of Covid-19 on their workforce. It has initially been rolled out in the US but will be expanded globally. The model and map help companies measure absenteeism, anticipate medical costs and identify where operations could be shifted. The Covid-19 Employee Impact Model tool gives a state-by-state analysis of…

IFRIMA warns of unscrupulous insurers as Covid-19 unfolds

IFRIMA warns of unscrupulous insurers as Covid-19 unfolds

IFRIMA warns of unscrupulous insurers as Covid-19 unfolds

The International Federation of Risk and Insurance Management Associations (IFRIMA) has warned risk managers they will face belligerent claims staff and unscrupulous insurers as the Covid-19 crisis unfolds. The stark warning came from IFRIMA president Gert Cruywagen, writing to risk managers in his native South Africa. “There will be many new risks after Covid-19,” he stressed. “Those of us who…

How can African risk managers battle Covid-19?

How can African risk managers battle Covid-19?

How can African risk managers battle Covid-19?

Across Africa, businesses have been fearing the worst from the Covid-19 outbreak, both in terms of immediate risk and of longer-term economic damage. In both South Africa and Kenya lockdowns are being imposed and elsewhere airports are shut while governments battle to contain the spread of the virus. We look at some of the advice for risk managers in managing…

Kenya in partial lockdown as coronavirus disrupts businesses

Kenya in partial lockdown as coronavirus disrupts businesses

Kenya in partial lockdown as coronavirus disrupts businesses

Kenya has tightened measures to prevent further spread of the coronavirus after the number of confirmed cases doubled to 16 in three days, sparking fears of increased risk. The state has suspended all social gatherings including religious activities and entertainment and has also limited funerals to a maximum of 15 people. In a country where more than 70% of the…

World unlikely to step in to stop west African piracy

World unlikely to step in to stop west African piracy

World unlikely to step in to stop west African piracy

Global trade swayed the decision-making in favour of taking a stand against the Somali pirates operating off the east coast of Africa but, as Liz Booth reports, it is unlikely the west coast will see the same support despite becoming the global hot spot for pirate attacks Risk managers with any involvement in marine transport on the west coast of…

IIF calls for short, blunt and coordinated global action to deal with virus crisis

IIF calls for short, blunt and coordinated global action to deal with virus crisis

IIF calls for short, blunt and coordinated global action to deal with virus crisis

The Institute for International Finance (IIF), the Washington D.C.-based body that represents more than 450 financial institutions from approximately 70 countries, has called on the international community to respond to the economic and financial impact of coronavirus with a short, blunt, coordinated and action-oriented statement – backed by actual policies – just as the G7 did with success in 2008…

Covid-19 is a numbers game

Covid-19 is a numbers game

Covid-19 is a numbers game

Only a strategic response can alter the numbers of the Covid-19 outbreak, a leading South African risk manager has warned. Walter Ehrlich, Institute of Risk Management South Africa risk intelligence committee member, said: “If your only focus regarding Covid-19 is to look at operational crisis management, you need to rethink your approach. The war against Covid-19 must be fought by…

Experts put forward supply chain risk management response for triple-shock Covid-19

Experts put forward supply chain risk management response for triple-shock Covid-19

Experts put forward supply chain risk management response for triple-shock Covid-19

The business impact of Covid-19 will be unlike anything in recent memory, with supply, demand and liquidity shocks set to combine and cause unprecedented disruption, according to expert speakers on a Commercial Risk Europe webinar. The specialists said that although supply chain risk management is lacking in many organisations, there are steps they can take now to respond to the coronavirus…

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