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Insurance Companies must prepare for interim solvency requirements

09 March 2012 | General

The implementation date for the Financial Services Board’s (FSB) Solvency Assessment and Management (SAM) to strengthen governance and risk management practices of insurance companies and apply capital requirements commensurate with their risk profile may

Is your business at risk of being sued as a result of the CPA?

28 February 2012 | General

28 February 2012: Changes to the Consumer Protection Act (CPA), which has had an impact on most businesses, has resulted in commercial insurance policies being amended to protect clients from exposure to litigation as a result of the products and services

To BEE or not to BEE? For exempt micro enterprises it should not be the question

23 February 2012 | General

Exempt Micro Enterprises have a huge advantage in the race to reach Level 1 on the BEE Scorecard and they stand to gain considerable benefits, argues B-BBEE specialist, Deon Oberholzer.

New short-term ombudsman will meet challenges head on

22 February 2012 | Short Term Ombudsman

The Office of the Ombudsman for Short-term Insurance (OSTI) was established in August 1989 to offer insurance consumers a free, efficient and fair dispute resolution mechanism. The number of complaints registered at the Office has escalated in recent year

quick poll

Question

Are financial advisers ready for the combined impact of COFI and AI?

Answer

Yes, fully prepared and already adapting Somewhat prepared, but still facing implementation challenges Not yet prepared, more time and support needed Unsure / still assessing the impact

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