Pandor calls on insurance bodies to engage with global leaders

Insurance bodies worldwide must engage with global leaders to bring about stability in an increasingly unstable and risky world. That’s according to former Minister of International Relations and the Nelson Mandela Foundation board chairperson, Dr Naledi Pandor.

Pandor was speaking at the International Forum of Terrorism Risk Insurance Pools or IFTRIP Conference being hosted by South Africa for the first time.

“We are living in a world where we have poly-crises, several very diverse sectoral crises and the impact on the global community in a most terrible fashion, violence, extremism, and other facets of risk, which need to be attended to. I included in that attention to addressing the needs of the poor and vulnerable because even this can be a risk factor and really my call was the conditions of global risk are so extensive they cannot be addressed by one stakeholder in society. All of us need to play a role in reducing risk and in addressing all the elements that contribute to increasing hatred, increasing conflict, violence and destruction of institutions and so on. And I was saying to them it’s not merely about business as usual. It’s about doing things differently,” says Pandor.

IFTRIP Conference | ‘Insurance bodies across the world must engage with global leaders’