Businesses are entering a period of huge policy and regulatory change as the world steps up its efforts to combat global warming. Actions to address climate change pose significant operational and compliance challenges for companies and those that over promise or lag behind are facing increasing scrutiny.
As the world transits to a low-carbon future, more countries are introducing climate change-related regulations
Companies are likely to face simultaneous regulatory compliance changes across many fronts
Litigation activism is increasing as advocacy groups advance climate policies and drive behavioral shifts
Businesses need to use targeted data and analysis to identify potential impacts from developments in climate change risks, regulation and litigation
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Source: Allianz Global Corporate & Specialty (AGCS) Africa
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Keyperson assurance refers to policies effected by an employer on the life of an employee with the purpose of compensating the business for the loss it will sustain should the employee die prematurely. The plan guarantees that cash will be available to absorb any disruptions to the business, protect existing credit facilities and provide the necessary funds for the recruitment and training of a replacement.