The Tunisian president Kais Saied's decision on 26 July to suspend parliament and dismiss the prime minister may add further delays to an IMF programme that would alleviate the country's large financing pressures, says Fitch Ratings.
Several trends in 2020 reveal how the pandemic has shaped terrorist activity, says Aon as it releases its 2021 Risk Maps yesterday. Terrorist threats from both the far-right and left extremists fell overall.
Insurance brokers should help their customers and clients to understand the current limitations of civil disobedience insurance according to a guidance document produced by the New Generation Broking group of Chartered Insurance Institute.
South Africa's leading general insurer Santam has said that the recent spate of looting and destruction to property in the country could have long-term implications for the cost of insurance and investor confidence in South Africa.
Clients, in addition to financial protection, now look to their insurers to provide them with more risk insight, risk management-related services and flexible cover that serve the changing needs of businesses better.
The pandemic's impact is beginning to spin off into new areas of risk according to a group of French risk managers. As part of Risk Frontiers Europe 2021 survey, the risk managers said political risks are already on the rise as the likelihood of political change grows.
Claims for damage and theft from businesses affected by civil unrest in South Africa are likely to be between ZAR7bn ($484m) and ZAR10bn ($692m), reported Reuters quoting the head of the only insurer covering political violence in the country.
Rokstone, the international specialty (re)insurance MGA, part of Aventum Group, has secured an insurance agent licence from the Financial Services Commission in Mauritius (FSC) and is now fully authorised to underwrite business directly in Africa from its office in Mauritius.
Marsh has launched its engineering hub in Al-Khobar in Saudi Arabia.
The COVID-19 pandemic has changed underwriting in general, including at The Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC).