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In the context of low growth, global sectoral growth is mixed in North America, emerging Asia and in Western Europe.
Drought conditions have many devastating effects on communities and the surrounding environment. While the devastating effects of drought are first realised within the agricultural sector, the ripple effect into other sectors and consumers’ personal lives is quickly felt.
• The rapid growth of multinational and South African companies within the African continent means that they are increasing their exposure to new risks and threats such as terrorism, political violence and kidnapping. • Businesses need comprehensive crisis management coverage for terrorism, kidnap and ransom as well as political violence. • Companies should prepare themselves for a crisis during "peace time".
One of the realities of the ever changing insurance sector is that risk has become dynamic and is constantly evolving; none more so than the growing presence of cyber liability which is starting to have a profound impact on the market.
The strongest deterrent against FSP compliance missteps is or should be: