By Lehlohonolo Lehana.
SA Reserve Bank (SARB) Deputy Governor Fundi Tshazibana has been appointed the new Chair of the United Nations Development Programme (UNDP) – Sustainable Insurance Forum (SIF).
Tshazibana succeeds Daniel Wang, Executive Director and Head (Insurance) at the Monetary Authority of Singapore (MAS), who completed his two-year term.
She is expected to build on South Africa’s 2025 G20 Presidency, reinforcing the country’s contribution to the global sustainable finance dialogue and positioning the SIF to support the implementation of climate, nature and resilience priorities.
In her acceptance speech, She said, said: “It is an honour to take on this role at such a pivotal moment for the insurance sector globally. UNDP SIF has become an essential platform for supervisors to share insights, strengthen resilience, and support the sector’s contribution to sustainable development.
“I also wish to acknowledge Daniel Wang and the Monetary Authority of Singapore for their leadership in consolidating the SIF’s foundations and impact these past two years.”
Wang said: “It has been a great privilege to chair the UNDP SIF and to see the Forum grow from strength to strength. Over the last two years, the SIF has advanced work on climate-related capital frameworks, transition plans, and nature-related risks. I am confident that under Ms. Tshazibana’s leadership, the SIF will continue to serve as a key pathfinder on climate and sustainability risk management for the global insurance sector, and continue the excellent collaboration among its many members.”
Marcos Neto, UN Assistant Secretary-General and Assistant Administrator UNDP, said: “UNDP warmly welcomes Ms. Tshazibana as the new Chair of the Sustainable Insurance Forum. Her leadership at the South African Reserve Bank and international experience will be invaluable as the Forum enters its next phase, strengthening supervisory capacity to manage sustainability risks. I also thank Daniel Wang and MAS for their outstanding stewardship.”
In 2026, the SIF will celebrate its 10-year anniversary, marking a decade of advancing the management of climate risks and other sustainability matters among member insurance supervisors.