close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Re-shuffling alliances for the new (economic) world order

Re-shuffling alliances for the new (economic) world order

Three cheers to the BRICS nations calling for a more representative economic order. It’s about time, don’t you think?

0

April 17, 2011 1:35 by



It was Goldman Sachs economist Jim O’Neill who came up with the acronym BRIC (Brazil, Russia, India and China) 11 years ago, prophesying that the four countries will turn into a big economic player on the world stage.

Now with South Africa joining the club, BRIC has become BRICS. O’Neill’s prediction has proved prophetic and the five emerging economies, have transformed the profile of the world economy.

China and its other big neighbour India have been a phenomenon with a growth rate that’s the envy of the world. Indeed, it’s not possible to ignore the growing clout of these new players on the global stage, especially when the big boys haven’t been in such a great shape lately.

The recession may be behind us but its disastrous effects continue to haunt the world especially the US and Europe. As Prime Minister Manmohan Singh of India argued after the BRICS summit in Chinese city of Sanya, the recent developments in the Middle East and the tragedy that befell Japan have introduced fresh uncertainties in the global recovery process.

The BRICS nations have demanded a bigger role for themselves in the world economy to make it more diverse and broad-based than it is right now, excessively dominated by the US and its Western cohorts. After all, BRICS nations form nearly 50 percent of the world population and a fifth of its growth.

The world has changed dramatically over the past decade or so, since the BRICS nations came together.



Pages: 1 2

0

Tags: , , , , , ,

Leave a Comment