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Strict compliance with policy cancellation provisions is necessary

20 February 2018

Two 2017 US cases illustrate the importance of a notice cancelling a policy complying strictly with the requirements of the policy and the law.

Information Regulator makes first statement about unlawful processing

19 February 2018

Although the Information Regulator is not yet fully operational, it has already received numerous complaints relating to the unlawful processing of personal information under the Protection of Personal Information Act 2013 (POPI). POPI itself is not yet fully in force. We are currently awaiting publication of a revised draft of the regulations following the closure of public comments in November 2017. See our previous post for more information.

UK chief executive fined £1.15 million over trust funds

06 February 2018

The UK Financial Conduct Authority has fined One Call Insurance Services Ltd and its chief executive £1.15 million for failing to protect its clients’ money and to hold it in trust instead of using it to cover its own financial needs.

Insurance Act assented by State President

25 January 2018

On 18 January 2018, the Insurance Act was published in the Government Gazette after it had been assented to by the State President. It is known as the Insurance Act 2017.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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