FANews
FANews
The Stage
Statistics point to the undeniable truth

Santam’s claim statistics from the past few years point to the undeniable truth that the risk landscape has rapidly become more hostile. “From abnormally high fire risk across South Africa, to the rise in extreme weather events and the general deterioration of infrastructure – both commercial and personal lines markets are facing greater risks than ever before,” said Quinten Matthew, Executive Head of Specialist Business at Santam.

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Straight Talk
Feeling the way through FICA

The term “accountable institution” is defined as a person or organisation referred to in Schedule 1 of FICA (Financial Intelligence Centre Act) that carries out business of any entity listed.

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Featured story
Investigating a changing insurance market

The insurance market, according to Terence Williams, CEO of Aon South Africa, is in the midst of its most consistent shift in a number of years. “In certain countries, sectors and lines of business, buyers are experiencing rate increases, capacity shortages, and a more critical attitude from insurers towards risk selection,” said Williams.

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latest quiz
What to look for in an employee benefits provider
What to look for in an employee benefits provider

Thinking about selling employee benefits in 2020? What should you look for in an employee benefits provider?

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Employee benefits – an untapped opportunity to grow your business portfolio
Employee benefits – an untapped opportunity to grow your business portfolio

One of the greatest advantages of business growth is expanding your business through employee benefits.

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Quick Polls

QUESTION

Do you believe the short term industry should be changed to that of an accountable institution?

ANSWER

Yes, it will assist in tracking criminal trends within the insurance industry, thereby assisting regulators in their fight against fraud
No, it will be costly and onerous
Its just another regulatory hurdle the industry will have to tackle
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FAnews November 2019 Get the latest issue of FAnews

This month's headlines

It’s time to go overweight, heart!
A holiday should not be stressful
Should brokers participate in claims investigations?
Offshore investing to finance education
The whole cake… or rather one slice at a time
Non-disclosures: what you need to know
Medical schemes’ average increases for 2020
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