ASSA launches national Climate Index to guide risk management
South Africa now has a publicly available Climate Index, developed by actuaries and meteorologists, that tracks extreme weather events.
#climatechange
New report maps insurance risk patterns, urges shift to proactive strategies
Standard Insurance’s five-year analysis discloses the main perils affecting businesses and households, and when and why policyholders are most likely to claim.
Facing the future: how insurance is evolving to tackle uncertainty
Santam’s Thabiso Rulashe on how insurers are adapting to stay resilient – and profitable – in an era of rising risks.
SA edges closer to mandatory sustainability reporting under global ISSB standards
A new partnership between the FSCA and IFC signals a clear intent by regulators to align corporate disclosure rules with global sustainability standards.
Actuaries forge new path for life and health insurers to quantify climate risk
The first Mortality and Morbidity Impact Assessment Framework guides insurers through a structured approach to evaluate long-term climate-driven health risks.
How climate change could erode your retirement savings – actuaries sound the alarm
Despite record-breaking global temperatures and escalating climate risks, most South African retirement funds lack climate policies – raising concerns about the long-term sustainability of their investments.
Ruling highlights need for clear crop insurance policies in the face of climate risks
The insurer bears the risk of any uncertainty or inconsistency in policy documents.
How climate change is shaping non-life insurance: risks and opportunities
Insurers need to employ advanced data analytics and AI to better price and manage these risks, as well as adjust premiums and make selective coverage decisions.
Weather-related catastrophes ‘signal a looming crisis’ for insurance market
Price increases will be necessary to fund the level of coverage policyholders have previously enjoyed, says Old Mutual Insure.
Corporates brace for impact: navigating SA’s top 10 business risks
For the first time, theft, fraud, and corruption have surged onto the Allianz Risk Barometer’s top 10 business risks for South Africa.
Critical infrastructure blackouts are SA corporates’ biggest worry
Cyber incidents are the top global business risk by a clear margin, but they rank second in South Africa, according to the latest Allianz Risk Barometer.
Old Mutual Insure teams up with UK flood specialist to tackle rising climate threats
The collaboration enables the non-life insurer to use location-specific flood data, providing a more informed perspective on flood risk.
What SA’s prolonged hard insurance market means for insurers, brokers, and clients
Advisers can offer clients invaluable insights and the tools they need to thrive, even in times of turbulence.
Shifting risk landscape to impact cost of reinsurance even further
Industry leaders caution against the ‘new normal’ in reinsurance costs, emphasising the need for a comprehensive strategy to navigate escalating challenges.
