Corruption remains a pervasive and detrimental problem in South Africa and is continuing to undermine economic growth, diminishes public trust, and hinders social progress.

Following a cyber breach, there is a critical moment – perhaps only a few minutes or maybe an hour or two at most – when the decisions made will significantly influence the outcome. For this to be minimally damaging, there needs to be a thorough understanding of what is likely to happen and what is at stake.

Cyber incidents, business interruption and critical infrastructure failures rank as the top risks for Technology, Media and Telecommunications (TMT) companies, according to Allianz Risk Barometer respondents for this sector.

Stuart Forbes, Chief Risk and Compliance Officer of GENRIC Insurance Company Limited, unpacks some of the key trends which will be top of mind for the insurance sector in the year ahead.

When planning a construction project of any size, insurance and risk management are crucial components that need to be factored into the planning stages of a project, as these costs need to be included in the construction budget.

Lloyd’s focus on sustainable performance resulted in an underwriting profit of £2.6bn (FY2021: £1.7bn) and a combined ratio of 91.9% – a 1.6 percentage point improvement and the strongest result since 2015.