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The South African Insurance Association (SAIA) adds its voice to concerns of a potential credit rating downgrade and the state of the economy

17 October 2016 | SAIA - South African Insurance Association

The South African short-term insurance industry says it supports efforts by the National Treasury, together with business and labour, to avoid a credit rating downgrade and to grow the country’s economy.

Lliquidation of saXum Insurance

17 October 2016 | Financial Sector Conduct Authority (FSCA) (was FSB)

Last week we reported on the current happenings at beleaguered insurer saXum Insurance. They are currently engaged in an impasse with a service provider which is affecting policyholders.

FSB: Application for the liquidation of saXum Insurance

13 October 2016 | Financial Sector Conduct Authority (FSCA) (was FSB)

The Registrar for Short-term Insurance today launched an urgent application in the Johannesburg High Court to place SaXum Insurance Limited (SaXum) under final liquidation.

Questionable change in risk and insurable interest

13 October 2016 | FAIS Ombudsman

We often read about the consequences of certain actions by various Ombudsmen as a result of one small mishap. This shows that mistakes happen so easily and once again, this is a reminder for us to be extra vigilant.

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

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

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