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Compliance - Regulatory

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Onus to substantiate rejection of a claim

Onus to substantiate rejection of a claim

14 December 2021 | Short Term Ombudsman

Most vehicle insurance policies contain exclusions, which entitle insurers to decline liability where an incident driver is driving whilst under the influence of alcohol, or where an incident driver’s blood alcohol level is over the legal limit, or where an incident driver fails a breathalyser test.

Local CIS industry reports net inflows of R27 billion for Q3, with investors favouring Global Equities

Local CIS industry reports net inflows of R27 billion for Q3, with investors favouring Global Equities

Local Collective Investment Schemes (CIS) attracted net inflows of R27 billion in the third quarter of this year. This brings to R68 billion the total net inflows for the 12 months to the end of September 2021.

FSCA retracts and clarifies warning against PrestMarine

FSCA retracts and clarifies warning against PrestMarine

The Financial Sector Conduct Authority (FSCA) has previously warned the public to act with caution when dealing with an entity called PrestMarine/ Marine and Air Freight Cargo Insurance. In the statement, the FSCA indicated that PrestMarine was not associated with PrestGroup (Pty) Ltd and was therefore conducting unregistered business. This was an error, and the FSCA wishes to correct this and clarify the position.

Magnitude of changes should not be underestimated

Magnitude of changes should not be underestimated

01 December 2021 | General

The magnitude of evolving insurance accounting changes should not be underestimated.

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Life insurers paid 99.3% of claims against fully underwritten life policies in 2020

Life insurers paid 99.3% of claims against fully underwritten life policies in 2020

FSCA warns the public against Kuveyt Yatirim

FSCA warns the public against Kuveyt Yatirim

Public warning against individuals impersonating the Export Credit Insurance Corporation

Public warning against individuals impersonating the Export Credit Insurance Corporation

FSCA issues public warning against Tshepo Ernest Mohlala and Empire Forex Penetrators

FSCA issues public warning against Tshepo Ernest Mohlala and Empire Forex Penetrators

FSCA issues public warning against Prime Bright Investment Limited

FSCA issues public warning against Prime Bright Investment Limited

FSCA warns the public against Invest Markets and 24Option.com

FSCA warns the public against Invest Markets and 24Option.com

FSCA issues public warning against Bakhulise Cleaning and Funeral Service Pty Ltd

FSCA issues public warning against Bakhulise Cleaning and Funeral Service Pty Ltd

POPI compliance remains a challenge for many SA businesses

POPI compliance remains a challenge for many SA businesses

23 November 2021 | General