June 11, 2024

Natural catastrophes, Fire risks top concerns for Engineering, Construction, and Real Estate sector in 2024

The engineering, construction, and real estate sector is facing significant challenges in the year ahead, with Natural catastrophes and Fire, explosion risks emerging as the primary concerns, according to the Allianz Risk Barometer. It is followed by Business interruption (28%), Macroeconomic developments (21%) and Cyber incidents (19%).
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May 16, 2024

The Year of Elections and the Potential for Civil Unrest

There’s also concerns around the heightened risk for civil unrest and riots in the run-up, and even post elections, with the riots of July 2021 a stark reminder of how quickly a match can explode into a multi-billion Rand economic catastrophe and reputational disaster, and how truly unprepared we were for the fallout.
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May 7, 2024

Cyber concerns top risk for hospitality, leisure and tourism sector in 2024

Cyber incidents have emerged as the top risk faced by the hospitality, leisure, and tourism sector in 2024, according to the Allianz Risk Barometer. The report, based on insights from over 3,000 risk management professionals and business leaders, emphasizes the critical need to address these risks to ensure business continuity and protect against potential disruptions.
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April 10, 2024

Super election year increases risks of political violence, warns Allianz

With an unprecedented ‘super-cycle’ of elections in 2024, almost half the world’s populations will go to the polls before the year is out. According to a new report from Allianz Commercial, security is a concern in many territories
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March 18, 2024

Evaluating Eskom’s bold turnaround claims

Most recently, newly appointed Electricity Minister, Kgosientsho Ramokgopa, made the bold assertion that the anticipated improvement in the electricity supply would make his role redundant by the end of the year. Data on Eskom’s medium-term outlook, however, suggests that it may not yet be time for South Africa’s commercial and industrial (C&I) companies to abandon their contingency plans to ensure security of supply.
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March 15, 2024

African Risk Capacity Limited ranked first in ESG

For the fourth year in a row, specialist insurer African Risk Capacity (ARC) has secured the top ranking in the insurance industry for environmental, social and governance (ESG).
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