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Draft Credit Life Insurance regulations published

19 November 2015

The draft Credit Life regulations have been published.

Will Collective Investment Scheme co-named portfolios be safe under the retail distribution review?

18 November 2015

The retail distribution review (RDR) has been undertaken against the background of an approach to regulating market conduct in the financial sector. The RDR is linked to the Financial Sector Regulation Bill (or otherwise known as the Twin Peaks Model to Financial Regulation) tabled before parliament on 27 October 2015.

Employment law update touches on burning issues of the day, such as major increase in retrenchment cases as tough economic conditions bite

17 November 2015

Poor economic conditions continue to wreak havoc, with smaller businesses in SA not being spared the fallout in global markets. The challenging macro-economic backdrop has led to a major increase in retrenchments and the need for the courts to answer a number of key legal questions.

Undertaking to renew requires similar policy

16 November 2015

A US insurer agreed that it would not “cancel nor non-renew this policy except for the reasons stated”. None of the reasons applied. The insurer was therefore bound to offer renewal terms that were a recognisable extension of the initial policy but was entitled to a reasonable change in premium.

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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