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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.
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.
The magnitude of evolving insurance accounting changes should not be underestimated.
South African life insurers paid 99.3% of all claims against fully underwritten individual life policies in 2020 to a value of R20.6 billion.
If I were tasked with taking my firm’s customer experience (CX) to the next level, I would: