Zim improves risk rating

ZIMBABWE has received a boost on the perception front from a recent Aon report which reveals that the country has been downgraded from severe to medium risk.

Staff Writer

Aon Risk Solutions, the global risk management business of Aon Plc, on Tuesday released its annual Terrorism and Political Violence Map to help organisations assess risk levels of terrorism and political violence across the globe.

The organisation’s exclusive correspondent office in Zimbabwe, Minerva Risk Advisers, said the map sees Zimbabwe moving to a medium risk, which should give more confidence to global companies looking to invest in the Southern African country.

“With 33% of all high and severe risk countries globally in sub-Saharan Africa, it is encouraging to note that Zimbabwe has been rated medium risk,” said Minerva managing director Lydia Tanyanyiwa. “Of the 37 countries in sub-Saharan Africa, 22 were rated as high or severe risk. Zimbabwe was one of eight countries in sub-Saharan Africa that saw a decrease in their risk rating.”

The scores are retrospective and based upon data collected by Terrorism Tracker and World Aware and consultations with Risk Advisory’s regional experts. They are not intended to predict global events or future threats.

Aon’s 2014 Terrorism and Political Violence Map indicates that Brazil was the only Latin American country to see its risk rating increase from medium to severe due to widespread and large-scale violent anti-government protests throughout 2013.

The analysis indicates this unrest will likely continue in 2014, particularly ahead of the Fifa World Cup and the October general elections. Empirically, the Middle East is the region most afflicted by terrorism in the world, with a 28% share of all terrorist attacks recorded worldwide in 2013.

Minerva, with its Aon Exclusive Correspondent Office status, is able to access a global knowledge base, through Aon’s 500 offices in 120 countries. Thirty percent of Zimbabwe Stock Exchange companies access their insurance, re-insurance or employee benefits advice through.