Tag: geopolitical risk

We live in a volatile world where geopolitical risks, economic inflation, natural disasters and an increasingly complex regulatory environment are applying pressures on all fronts, including the insurance sector. Underwriting requirements are becoming stringent, and prospective clients are having to provide far more granular information about their portfolio of risks as well as risk mitigation measures, while reduced capacity and insurer appetite for certain classes of risks remains a real concern.

This vidcast dives into greylisting and its impact on asset managers and investment mandates. We reference the struggles experienced by the Public Investment Corporation (PIC) and the potential impact on returns that greylisting could continue to have. 

Significant uncertainty, marked by rampant inflation, fears of a looming recession and growing geopolitical risk, clouds the near-term global outlook. The knee-jerk reaction is to retreat to safe assets and preserve capital until the storm has blown over.

In our 2022 Insurance State of the Market report, we have unpacked key global insurance market trends as well as local trends that are affecting the insurance market in a volatile and unpredictable world.

Following the news of last week’s assassination of Qassem Soleimani, the head of the Iranian Revolutionary Guards’ overseas forces, South African Finance Minister Mboweni took to social media in a series of tweets stating that escalating tensions between the US and Iran will negatively impact on the global economy, including the South African economy.

If nothing else, 2017 provided proof positive that the unexpected does happen. South Africa’s political and economic crisis entered a new phase with the GuptaLeaks revelations, Kenya had to rerun its elections and the seemingly indomitable Robert Mugabe was forced from office in disgrace.