Aug 16, 2024 | Climate Change, insurance news, Latest Insurance Articles, South Africa
Old Mutual Insure welcomes the recent move by the Prudential Authority (PA) of South Africa to allow insurers to develop innovative weather index-based products. “We commend the PA for strengthening our nation’s resilience against climate catastrophes. By doing...
Feb 23, 2024 | Climate Change, South Africa
Insurers, reinsurers and risk managers are increasingly turning to data and tech-backed innovation to manage their exposures to climate change related extreme weather events. At the same time, allocators of capital like banks, asset managers, insurers and retirement...
Feb 9, 2024 | 2024, Climate Change, South Africa
In a recent revelation, a top official from South Africa’s largest insurer by assets, Old Mutual Ltd., highlighted the escalating threat that climate change poses to the country’s insurance sector. The impact, which has been dormant for nearly a decade leading up to...
Jan 26, 2024 | Climate Change, Floods, South Africa
In the wake of devastating floods in KwaZulu-Natal, South Africa, a critical analysis reveals the urgent need for improved urban planning. Despite frequent flood occurrences, cities lack resilient infrastructure, resulting in lives lost and extensive damage. Hope...
