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FSB puts its foot down

01 February 2018

While the majority of the industry bemoans regulatory reform, many insurers, brokers and advisers within the industry understand why it needs to happen. There are just some practices that need to be rooted out completely. While the Financial Services Board (FSB) is happy with the fact that the majority of the industry is toeing the regulatory reform line, there is still work to be done.

Failure to comply strict breach entitles insurer

07 December 2017

The simple act of failing to keep jewellery in a safe or taking reasonable precautions to care for an item can be grounds for an insurer to reject a claim. The issue for determination in the Ombudsman for Short-Term Insurance’s (OSTI) briefcase was whether the insurer, was entitled to reject a claim for the loss of Mrs. R’s tennis bracelet on any one of the following four grounds set out in the insurer letter of rejection.

How much is non-disclosure costing the industry

06 November 2017

One of the biggest problems that the life insurance industry faces is non-disclosure. This problem does not only affect profitability, but there is a knock-on effect in increased policy lapses as insurers implement measures to deal with the problem.

The future role of the FSCA in a key industry

10 October 2017

Over the past two years, government and National Treasury have been on a proverbial mission to drive economic transformation within the country. It seems as if the years of talking about it is finally being put into action. Part of this agenda is the transformation of the financial services industry. We are already familiar with the wave of regulatory reform that is being carried out in the industry, and we are aware of the Financial Services Board’s (FSBs) changing agenda once the Twin Peaks Bill is passed.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results

Is this the change the industry needs?

13 September 2017

Brace yourself for massive realignment

21 August 2017

Small steps being made in the right direction

12 July 2017

A major positive point in the local economy

19 June 2017

Medical advancements that could benefit insurers?

09 May 2017

New trends can only benefit the industry

24 April 2017

Protecting and serving financial intermediaries and consumers

29 March 2017

Draining the public cash cow

08 March 2017

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