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Cost of damages in millions

25 October 2017

Over the years South African weather patterns have increased in severity and weather-related damages have cost, and continue to cost, the insurance industry billions in losses as insurance claims pour in. With this worrying trend FAnews spoke to Bryte, Old Mutual Insure and Santam about the issues particularly relating to the Johannesburg and KwaZulu Natal storms, the estimated flood claims, pay-outs, statistics and damages in costs and what the concerns are for 2018.

Annual report highlights broker costs up

09 October 2017

The Council for Medical Schemes (CMS) released its Annual Report for 2016-2017 providing a comprehensive report on the status of the private medical schemes industry in South Africa. We thought it would be useful to provide a quick summary in a nutshell of these points to give you a better understanding of the medical schemes industry and what has been going on.

On the cusp of something great

12 September 2017

When anyone is asked about their opinion on the South African economy, the overall consensus will be that the economic outlook is very weak and that there are very few visible redeeming qualities at the moment which will drive the economy forward. While many of these thoughts are completely vindicated, there are a few economists who feel that there is a light at the end of the tunnel. Their view is that there are actually quite a few economic levers that we can take advantage of, if there is a political will to do so.

Challenges approaching from every side

16 August 2017

What are South Africa’s major problems when it comes to retirement? If we focus purely on the institutional side of the retirement journey, taking out human elements such as lack of preservation or insufficient contribution rates, a strong case can be made for the argument that there as many institutional challenges as there are human element challenges.

quick poll

Question

The strongest deterrent against FSP compliance missteps is or should be:

Answer

A criminal conviction Debarment Fine or penalty Any of the above can work

View the Results

Fit and proper principles to replace REII exams

11 July 2017

Insurer’s mishap shows importance of advisers

20 June 2017

Hardwired to seek instant gratification

07 June 2017

Taking risks and working past them

22 May 2017

FSB addresses concerns surrounding Regulatory Reform

10 April 2017

A beast government can’t control

14 March 2017

A sobering budget is on the cards

15 February 2017

Cyber crime becomes a multi-billion dollar industry

18 January 2017

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Talked About Features / Straight Talk