Europe dominates FM Global’s resilience risk index

Europe dominates FM Global’s resilience risk index

Europe dominates FM Global’s resilience risk index

European countries dominate FM Global’s 2019 Resilience Index, taking nine of the top ten positions, led by Norway as the most resilient business environment. FM Global said the top ten was “reshuffled” for 2019, with Norway up from fourth place in 2018. Demark came second, with Switzerland – last year’s most risk-resilient country – in third. The UK was a…

Risk managers watch as Ramaphosa wins in South Africa

Risk managers watch as Ramaphosa wins in South Africa

Risk managers watch as Ramaphosa wins in South Africa

Risk managers will be watching to see the political fallout after Cyril Ramaphosa and the incumbent African National Congress (ANC) party won elections in South Africa – but with its worst result since the end of apartheid. The victory gives President Ramaphosa another five years in office but observers warn the party’s poor result will make it difficult for him…

South Africa heads to the polls next week

South Africa heads to the polls next week

South Africa heads to the polls next week

South Africa’s ruling party, the African National Congress (ANC), is reported to be facing the loss of its overall majority in national elections to be held on 8 May, raising the tempo of political risk for the region. The latest polls suggest the ANC is at risk of achieving less than 50% of the overall vote. There are some 48…

Cape Town drought worsened by man-made emissions

Cape Town drought worsened by man-made emissions

Cape Town drought worsened by man-made emissions

Human influence resulted in a three-fold increase in the risk of the recent Cape Town droughts. That was the stark message from Professor Mark New, AXA chair of African climate risk at the University of Cape Town, speaking at the second PSI African Market Event hosted by Continental Re, the first African reinsurer to sign the United Nations Environment Programme’s…

Coface South Africa partners with Rodel to provide credit insurance to SMEs

Coface South Africa partners with Rodel to provide credit insurance to SMEs

Coface South Africa partners with Rodel to provide credit insurance to SMEs

Coface South Africa has entered into a distribution partnership with an administrator, Rodel, a financial service provider delivering products and services to small brokerages. Rodel has about 980 affiliated brokers and Coface has become a partner in the Rodel SME Insurance Solution as part of its ongoing distribution strategy and need to continuously innovate. The launch of the Rodel SME…

Twin risks of electricity outages and water shortages threaten South African business

Twin risks of electricity outages and water shortages threaten South African business

Twin risks of electricity outages and water shortages threaten South African business

An electricity supply crisis is looming in South Africa that could make intermittent outages in the past few months seem trivial by comparison, according to a new report. Jesse Burton, a researcher at the University of Cape Town’s Energy Research Center, told Bloomberg: “There’s this inaction by the state. We should be procuring immediately.” Eskom Holdings SOC, which supplies almost…

New business interruption cover offered at no cost to South African firms

New business interruption cover offered at no cost to South African firms

New business interruption cover offered at no cost to South African firms

South African insurer MiWay has added business interruption cover to its commercial insurance bundles, at no extra cost. Christiaan Steyn, head of business insurance at MiWay, said this cover compensates for times when usual activities must be suspended and is seen as an important addition, given South Africa’s unpredictable business environment. “There are a number of eventualities which could cause a business’s operations to be…

Risk managers urged to check insurance cover to protect key staff

Risk managers urged to check insurance cover to protect key staff

Risk managers urged to check insurance cover to protect key staff

After a terrible week, in which many people across Africa lost their lives travelling to work, risk managers have been urged to check their insurance policies and ensure key staff are properly protected. Key-man insurance protects individuals who are of extreme importance to the functioning of the business, however one major broker has admitted too many firms are missing out…

Risk of ratings agency downgrade for South Africa recedes

Risk of ratings agency downgrade for South Africa recedes

Risk of ratings agency downgrade for South Africa recedes

South Africa’s economy is slowly recovering, however the employment picture continues to cause concern, according to the latest economic figures. Maarten Ackerman, chief economist and advisory partner at Citadel, said: “The positive signs are likely to keep the ratings agencies at bay. However, whether you look at the 1.4% quarter-on-quarter, seasonally adjusted annualised growth for Q4 2018 or the 0.8%…

1 2 3 32