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Current marketplace conditions and the economic environment are testing businesses from all angles. While the fluctuating exchange rate may not directly impact a business’ day-to-day bottom line, it could potentially have dire effects if a business’ replacement ratios for their assets, such as machinery and equipment, are not reviewed on a regular basis.
Information technology accounts for two of the Top 10 Operational Risks for 2016 identified by risk.net while interviewing chief risk officers, heads of operational risk and other operation risk practitioners at financial services firms, banks, insurers and asset managers in global markets during December 2015.
Aon South Africa has issued travel warnings to its clients via its WorldAware operations centre regarding an outbreak of Yellow Fever in Angola. Reported Yellow Fever deaths have risen to 50, with more than 241 recorded infections at present.
South Africa is going through some significantly challenging times. From political risk to the worst drought that the country has experienced in over a century, we are living in times of high risk; risks that many people and organisations do not know how to manage.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?