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IAIS calls for simple insurance products

07 December 2017

It has been reported (Law360) that the International Association of Insurance Supervisors has urged governments to make sure that insurers selling basic cover to the world’s poorest communities keep their products simple to prevent misselling and to avoid excessive costs.

Speak up or shut up!

30 November 2017

The English Court of Appeal has spoken in the 2017 matter of Ted Baker PLC and Another v AXA Insurance UK PLC and Others and it would be remiss of both insurers and insureds not to take note of the “duty to speak”.

Rising tide for directors

10 November 2017

State capture, growing public discontent fuelled by social media at the activities of private companies and the need for ethical business practices all present significant implications for directors and for insurers who provide directors and officers liability insurance.

What legal recourse is available to South African cybercrime victims?

08 November 2017

Following the largest data breach of private citizens in South Africa’s history, which saw the personal data of over 30 million people leaked online, South Africans are increasingly at risk of falling victim to identity theft, fraud, and other forms of cybercrime.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

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