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Familiar insurance terms on life support

12 March 2012

South Africa’s long and short-term insurers face numerous challenges as the country’s financial services legislation evolves. The Insurance Laws Amendments Act of 2008 paved the way for the Financial Services Board (FSB) Binder Regulations – in effect fro

Short-term insurers must innovate to maintain underwriting margins

28 February 2012

Short-term insurance companies, like most businesses, trade through rising and falling cycles. In recent years local insurers have benefited from a “soft” rates cycle, as evidenced by their consistently improving underwriting margins. The bottom line is t

A good decade for South African consumers

13 February 2012

The South African consumer is among the best-protected in the world. Since 2004, financial services consumers have engaged confidently with intermediaries and product providers thanks to safeguards introduced in the Financial Advisory and Intermediary Ser

Telematics a big hit among insurers worldwide

30 January 2012

In July 1994 Altech Netstar installed their first vehicle tracking device in a South African motor vehicle. It was a straightforward device that offered rudimentary tracking capabilities thanks to radio frequency technology. As the cellular industry grew

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