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Broker representative bodies, medical schemes and National Treasury are currently debating the draft insurance Demarcation Regulations. But some of the legislation’s outcomes – it sets out clear boundaries between medical schemes and other health insurance businesses – are already achieved at scheme level.
Education is an essential component of professionalism. It could therefore be argued that the Financial Services Board’s move toward Regulatory Examinations (RE) plays into the financial advisors’ hands. Each certificate, qualification and professional development point raises the overall standard of advice in the industry.
Professionals involved in insurance claims management are under pressure to control costs, exercise strict quality control and balance claimants’ compensation with the premium paid. We asked Berna Hattingh, Claims Specialist at Centriq Insurance, to share some of the challenges facing today’s claims manager.
Disclaimers are dime a dozen in today’s fast-paced world. From the “leave vehicle at own risk” parking sign to the “past returns do not reflect future returns” unit trust warning, businesses owners go to great lengths to defer risk. Can a disclaimer release its “owner” from gross negligence or recklessness?
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?