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

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.

The movie and live events business has yet to fully recover from the Covid crisis and is having to constantly evolve in a new environment driven by economic, technology and sustainability risk trends, according to insurer Allianz Global Corporate & Specialty