Explore the Category

Is TCF serving its purpose?

23 July 2018

The purpose of regulatory reform is to establish a set of rules and guidelines within an industry that will determine how business is done within that industry.

Embedding compliance into business processes

18 July 2018

Changing the mindset at C-suite level that compliance is not a “tick-the-box, rule based” process at the end of any transaction or activity is one of the greatest challenges around embedding compliance into business solutions says Kalane Rampai, Director at PwC.

Latest data breach shines spotlight on Protection of Personal Information

03 July 2018

The recent cyber-attack and holding hostage of a South African insurance provider’s IT infrastructure has drawn attention to the dire need for effective protection of consumer data. While the company asserts that no financial losses have been encountered by any of its policy holders, it cannot currently confirm the volume of data and number of individuals that have been affected by this data breach.

Insurance legislation amendments enhance consumer protection and provide new opportunity for insurers

02 July 2018

Amendments to insurance legislation aim to give more South Africans the opportunity to cover themselves and their assets and will provide for greater protection for policyholders, including a 48-hour turn-around time for funeral pay-outs.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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