Explore the Category

Insurance contracts - Towards the final frontier

11 March 2014

These proposed changes to the accounting standard are expected to be the biggest ever financial reporting change for the insurance industry. Derived from a significant collaborative effort between International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB), the standard is set to provide a more common framework for insurance reporting. Even though the new standard’s effective date is likely to be no earlier than 2018, insurers need to start thinking about the changes now. While the changes will no doubt impact insurers’ accounts, insurers should view changes in accounting standards as far more than an accounting exercise. The impacts on the business, systems and people are often more pervasive than they seem.

Business continuity and disaster recovery planning

27 January 2014

While some companies have developed contingency plans, most have not. This lack of preparedness not only threatens the viability of sectors around the world but also jeopardises the delivery of critical goods and services.

Compliance tips for 2014

15 January 2014

In Western cultures, brides are supposed to wear or carry something old, something new, something borrowed and something blue. I couldn’t think of a better way to characterise my Top Compliance Tips for 2014 – some are old, but bear repeating, some are new, some are borrowed, and some will surely give you the blues! Here they are.

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

19 November 2013

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 largely positive. This was the overall view expressed at the most recent insurance management forum hosted by Norton Rose Fulbright South Africa.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results