Tag: natural disaster

It’s 2050, a climate changed world where humans and the digital devices are closely entwined. Natural disasters such as drought, famine and floods are the order of the day. Government is making living all that much harder. Many people are displaced as new immigration laws come into effect and the gap between the haves and the have nots widens.

Last year was a year of climate carnage in Africa. At least 15,700 people lost their lives to extreme weather disasters, according to the latest report from Carbon Brief, while another 34 million have been affected.

Events such as the COVID-19 pandemic and rising levels of cybercrime are encouraging insurers to revisit their policy wording to exclude certain events. Over the past three years, the world has suffered serious humanitarian and financial losses from the COVID-19 pandemic, climate change and catastrophic weather, political unrest and wars in central Africa, Europe and more recently, the Middle East.

The news that dominated the headlines during the weekend of 15 – 17 September 2023, was the storm surge incidents that swept across three coastal provinces – the Western Cape, Eastern Cape, and KwaZulu-Natal. Mainstream media and social media alike were abuzz with the news. Since then, videos depicting the storm surges have been circulating across various media platforms.

The satellite industry is rapidly expanding, and we are starting to see the growth of new industry sectors and the implementation of new applications. With global Low Earth Orbit (LEO) constellations such as OneWeb driving the development of the African market and Starlink announcing services in selected African countries, both awareness of, and demand for, satellite connectivity services are growing.

Insurance policies shouldn’t be seen as static agreements that are concluded as once-off arrangements. Instead, short-term insurance products are designed to evolve along with you and your family as your life takes shape, adapting to your changing needs.

Looking back to the start of 2020, it is clear that as early as the first quarter we saw the pandemic render economic projections and business forecasts obsolete, while industries across all sectors of the economy were forced to reinvent the way business is done, leading to dramatic shifts in the landscape of the risks we face.