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Tag Archives | Risks


FIC guidance on risks related to geographical areas

The Financial Intelligence Centre (FIC) has issued Public Compliance Communication 49 (PCC 49) that provides guidance on certain money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risk considerations and provides suggested resources that may be consulted in determining the ML/TF/PF risk related to geographic areas. Last year, Draft PCC 110 was made available […]

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Insuring portfolios – Are all risks covered?

CIO Greg Hopkins of PSG Asset Management recently asked whether investors are really covering all the risks in their portfolios and points out that investors should not just be insuring their portfolios against the most obvious and visible risks. “On Tuesday, Stats SA announced that the country’s GDP had fallen by 51% in the second […]

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Global Risks Report – What to watch out for

According to the World Economic Forum’s Global Risks Report 2020, the top five global risks in terms of likelihood are all environmental. In the recent survey, respondents were asked to assess the likelihood of a global risk occurring over the course of the next 10 years, as well as the severity of its impact at […]

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Combating climate risks – What role can insurers play?

KPMG recently posed the following question: “What can insurers do to improve the way they assess and manage the short and longer-term impacts of climate change?” The World Economic Forum’s Global Risks Perceptions Survey 2018–19 revealed extreme weather events, failure on climate change mitigation and adaptation, and natural disasters as the three most likely risks […]

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