HARARE, A global ransomware cyberattack could inflict around US$193 billion in damage and affect more than 600,000 businesses worldwide, according to a new report from the Cyber Risk Management (CyRiM) project.
CyRiM is a Singapore-based public-private initiative that assesses cyber risks, with Lloyd’s as one of its founding members. The report was produced in collaboration with Nanyang Technological
Insurance and Pensions constitute bulk of market value placed on CSD
By Insurance24
HARARE- Pension funds and Insurance constitute a combined 42,23% of the total market value of securities placed on the Central Securities Depository (CSD).
According to a CSD operational update for December 2018, the market value of the securities placed on the CSD increased by 6% from US$7.974 billion as at 30 November
The next shift in cyber insurance that brokers need to track in 2019
Ground-shaking earthquakes might topple buildings and displace communities, but they also bear some resemblance to the scale of cyber incidents witnessed in the past year that crippled networks and exposed consumer data, according to one cyber expert.
In some parts of the world, earthquakes are routine with smaller quakes occurring
Tavona Biza has been appointed as the new CEO of Old Mutual Ghana
ACCRA, Ghana – Zimbabwean Tavona, who will be based in Accra, has worked for Old Mutual for ten years, during which time he held various roles in the Group’s Zimbabwean, South African and Malawian businesses.
Most recently, as Managing Director of both Old Mutual Life Assurance Company And Old Mutual Pension Services Company, he
What does 2019 hold for the risk industry: Part two
The following is the second part of a series written in association with the Institute of Risk Management. Follow this link for Part One.
The below is written by Alexander Larsen, CFIRM, president of Baldwin Global Risk Services Ltd and IRM trainer and chair of the Energy Special Interest Group. The views expressed within the article are not
Counting the costs post violent riots
By Insurance24
HARARE, The recent wave of political riots and violence countrywide left a trail of destruction to both companies and individual properties. Several company equipment buildings, motor vehicles and buses were destroyed.
In the aftermath of this, who is counting the losses? Insurers or victims?. Speaking to the Insurance Council of Zimbabwe (ICZ)
Marsh & McLennan Agency swoops for Florida firm
Marsh & McLennan Agency (MMA), the middle-market subsidiary of Marsh, has announced that it has reached an agreement to acquire Bouchard Insurance, a Clearwater, Fla.-based full-service agency. Terms of the transaction were not disclosed.
Bouchard, founded in 1948, has 260 employees in offices in Clearwater, Tampa, Fort Myers, Kissimmee, Maitland,
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2019 Insurance Outlook: Growing economy bolsters insurers, but longer-term trends may require transformation
Email back for the full Deloitte 2019 insurance outlook report to: [email protected]
HARARE, Sustained economic growth, rising interest rates, and higher investment income are among the positive factors that appear to be bolstering insurer results in 2018, setting
For many stakeholders in the insurance playing field, embracing technology remains a challenge that is often overlooked despite how crucial it is.
Allianz Global Corporate & Specialty head of programs business in North America Dogan Kaleli (pictured) believes that many insurance groups make a huge lapse by underestimating
Introduction