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Stakeholders in the short-term insurance industry are among the biggest beneficiaries of the computing and communications revolution playing out globally today. Imagine how efficient insurers and their binder holders would be if their systems “spoke” the same language...
The 30 June 2012 Regulatory Examination deadline has come and gone. Financial intermediaries who have cleared this hurdle will now turn their attention to Level II RE – and beyond that – to the implementation of Continuous Professional Development in the financial advice space.
They say that success begets success. It is also true that success puts you in line for more than your fair share of criticism. One disgruntled client can cause as much trouble for a company the size of Discovery Limited as for any other. And one media report, however inaccurate, can trigger an avalanche of scrutiny...
The Policyholder Protection Rules (PPR) dealing with rejection of claims requires insurers to notify a policyholder, in writing, of a decision to reject or dispute a claim or the quantum claimed. This seems simple enough, but be aware: Make sure that notice is properly delivered, says Sandra Sithole of Nqrton Rose South Africa.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?