A dozen risks for brokers to navigate, part 2
The Institute of Risk Management South Africa (IRMSA) 2021 Risk Report flags a dozen risks that financial advisers and insurance brokers must navigate in the coming years. Over 114 pages, the report weighs up the impact of each of these scenarios on South Africa, and firms operating here, against 10 metrics. These metrics include leadership, institutional capacity, politics, social cohesion, national policy, service delivery, inequality, economy, global trends and climate. FAnews unpacked the 12 risks contained in the report in two newsletters: Part 1, published on 15 March 2021, unpacked five of the risks, with the remainder discussed today, in Part 2. Let us dive straight in, with the sixth risk.