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South Africa Insurance Survey – 2011

This survey focuses on strategic and emerging issues in the South African insurance industry. This is the fourth survey of its type in the insurance market, although similar surveys have been published...

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Response to press release by Treasury and DoH on Demarcation Regulations

The following statement is released in response to a joint press release on 16 April 2012 by Treasury and the Department of Health regarding the draft Demarcation Regulations. Response by:     Xelus...

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FAIS gives impetus to broker relevancy in complex business environments

The road to FAIS has brought with it a raft of positive outcomes. The formalisation of qualifications and accreditations for key individuals and advisors is a positive step towards entrenching the...

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FIA regional conference 2012

Johannesburg Country Club, Auckland Park Bryan van Flymen, President of the FIA, extended a warm welcome to the delegates at the FIA Regional Conference held on 26 July. Bryan also expressed his thanks...

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Financial Services Board (FSB) and Johannesburg Stock Exchange (JSE) are...

The recently published Global Competitiveness Survey of the World Economic Forum (WEF) holds many reasons for South Africa to be immensely proud. Not only did the survey show that South Africa remains...

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SAUMA Breakfast

Over 160 delegates attended the SAUMA breakfast on 21 September at the Hyatt Regency Hotel. This record attendance can be attributed to the efforts of this organization to assist its members to come to...

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Restoring confidence in financial services a key focus for South Africa

Stricter regulation of South Africa’s financial services industry alone will not restore confidence in the industry if it does not also ensure a sustainable environment conducive to doing business for...

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Privacy trends 2013 – The uphill climb continues

Our ever-deepening transition into digital is transforming businesses in ways we have not seen since the onset of the industrial revolution. It is opening doors to a world of opportunity — and...

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The Registrar of Short-Term Insurance referred a matter against Santam...

The referral relates to the following contraventions: 1.  Directive 156.A.i. (ST) read with Section 4(2) of the Short-Term Insurance Act, No 53 of 1998 (“Act”) in that Santam failed to comply with an...

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Regulation rates no.1 risk Globally and in South Africa

The greatest risk currently facing the insurance industry comes from the wave of new regulation being introduced at international and local levels. The CSFI’s (Centre for the Study of Financial...

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Regulator’s proposals on cell captive insurance are largely positive, says...

Despite more regulation coming down the track in South Africa, the Financial Service Board’s proposals to strengthen the regulatory framework of the third-party cell captive insurance industry are...

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Is all regulation constitutional?

In 1999, South African Mark Shuttleworth sold the rights to Internet Security software that his firm, Thawte, had developed to American firm Verisign, in a deal worth R 3.5 billion. He became one of...

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The cutting edge of regulation

COVER is the proud media partner for the 2014 Cutting Edge seminar entitled, ‘On the Regulatory Front ’. This practical one-day event will take place on 25 March in Johannesburg at the Focus Rooms...

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White collar is not a victimless crime

On Tuesday 28 January the South African Insurance Crime Bureau (SAICB) held a breakfast seminar on white collar crime and protection of personal information. The speakers from Norton Rose Fulbright...

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ILAB requires Insurers to appoint heads of control functions

South Africa’s Insurance Laws Amendment Bill 2013 (‘ILAB’) has recently been published for public comment. ILAB, if adopted, will bring about amendments to the Long-term and Short-term Insurance Acts...

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Reuters launches ‘Know Your Customer’

Thomson Reuters  launches a new solution to support financial institutions and their clients to increase efficiency and reduce costs in complying with Know Your Customer (KYC) requirements. Accelus Org...

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Where we stand with climate change

Q&A with Andrew Gilder on climate change in SA, senior associate in environmental law at ENS Africa 1. Where do we currently stand with regards to climate change regulation in SA? The climate...

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Taking stock of micro-insurance

Cenfri has undertaken a stock-taking study of South African micro-insurance on behalf of the FinMark Trust. The proposal for a South African micro-insurance regulatory framework has been on the table...

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2nd Annual insurance regulation conference

Unpacking the regulatory framework that impacts the insurance industry to give you the advantage when complying. You will get to hear about the latest regulatory developments and their impact to the...

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Zurich’s new app for global regulators

MicroStrategy® Incorporated announced on 7 July 2014 that Zurich Insurance has deployed a MicroStrategy Mobile™ app that helps ensure transparency of operations and compliance with financial...

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