Compliance - Regulatory

Supervising a Representative: Your FAQs Answered

NFO: Breach of policy condition not material to the loss

Having a professional driving permit (PrDP) would not have prevented the driver of a truck with goods from being hijacked at gunpoint, the Non-life Insurance Division of the National Financial Ombud Scheme South Africa (NFO) has ruled.

FSCA issues public warning against World Option Crypto impersonating Consort Technical Underwriting Managers (Pty)Ltd

The Financial Sector Conduct Authority (FSCA) warns the public to be cautious when conducting financial services business with an entity called World Option Crypto, purporting to be a financial service provider (FSP) and linked to Consort Technical Underwriting Managers (Pty) Ltd (FSP No 2273) (Consort Technical).

Policy beneficiaries must be kept up-to-date with insurer

The start of a new year is a good time to check that one’s financial affairs are in order and nominating beneficiaries on your life insurance policies will ensure that the proceeds are paid timeously to the intended parties.