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After the last board notice announcing the general exemption from CPD, the insurance industry is waiting in anticipation for the Financial Services Board (FSB) to finalise its Continuous Professional Development (CPD) requirements. Financial advisors are eager to learn what these requirements will be – and when they will be implemented.
The Protection of Personal Information Bill (POPI) is in its final draft. It affects the insurance industry because the business of providing policy benefits to consumers relies heavily on personal information. What can insurers and intermediaries expect when the legislation goes live?
There are two methods typically employed by the short-term insurance sector in determining the appropriate value of a loss… In today’s article Alan Blem of Associated Loss Adjusters considers the differences between indemnity and reinstatement...
If you have ever been hunted down by a debt collector over a forgotten student loan, you will probably know all about prescription. Prescription is a powerful defence for a debtor, who can wriggle out of the debt if enough time has lapsed. For someone owed money, prescription can be an unmitigated disaster. How is the concept applied in the insurance space?
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?