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The festive season in South Africa is not only synonymous with spending time with loved ones, but has unfortunately also become synonymous with an increase in road accidents. The majority of these are caused by drivers who are under various levels of intoxication.
Far reaching changes in the risk management landscape will have major consequences for brokers unless they mitigate this risk by partnering with professional organisations that can guide them through the process and ensure compliance with regulations.
To ensure that policyholders are protected and treated fairly, insurance companies are gearing up to implement effective risk management for Solvency Assessment and Management (SAM) and Treating Customers Fairly (TCF).
While South Africa gears itself up for the implementation of the National Health Insurance programme, it is evident that the South African medical industry needs to be regulated to iron out a number of legal issues which are starting to surface in the industry, says Andre Jacobs, CFP®, CEO of Gusto Health.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?