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• 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 risks facing businesses are greater than ever. Each day a business and its executives are exposed to a vast array of risks - both internally and externally - that have the potential to negatively impact a business’ cash flow, operations, reputation and ultimately the success of the business.
While South Africa’s focus on Eskom’s load shedding issues continues to make headlines, the reality is that the economy faces many other risks.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?