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...
View ArticleResponse 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...
View ArticleFAIS 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...
View ArticleFIA 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...
View ArticleFinancial 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...
View ArticleSAUMA 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...
View ArticleRestoring 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...
View ArticlePrivacy 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...
View ArticleThe 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...
View ArticleRegulation 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...
View ArticleRegulator’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...
View ArticleIs 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...
View ArticleThe 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...
View ArticleWhite 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...
View ArticleILAB 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...
View ArticleReuters 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...
View ArticleWhere 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...
View ArticleTaking 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...
View Article2nd 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...
View ArticleZurich’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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