Tag Archives | public services
Cities are burdened with aging and failing infrastructure in some areas on the one hand, as well as huge development and service delivery needs in previously disadvantaged areas on the other. In many cities across Africa, government institutions that are charged with the responsibility of delivering and maintaining infrastructure have become stretched by skills shortages and increased maintenance responsibilities.
The infrastructure deficit is often noted as having a massive impact on the continent’s development and growth, with infrastructure highlighted as a key area requiring investment. The 23rd World Economic Forum has a central theme of Delivering on Africa’s Promise, and has infrastructure as a dominant and recurring topic for discussion.
The insurance industry relies on the ability to make informed predictions of future events as the basis for taking actions in the present. increased severity and/ or frequency of weather events, if not adequately accounted for, will mean that claims exceed levels predicted by actuarial models, and premiums will not be set correctly. Figure 2 illustrates the trends in the number of disasters reported internationally per year.