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Managed Healthcare Symposium

Published: Fri, 17 Feb 12

18-19 April 2012, Protea OR Tambo Hotel, Johannesburg   Managed healthcare in South Africa and the region is operating under changing economic, political and regulatory environments. Worse still with the impending National Health Insurance many health executives are not sure what opportunities and challenges ...
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76% of all deliveries via C-Section

Published: Thu, 16 Feb 12

Statistics from Fedhealth’s data warehouse over the last 3 years show that of all their deliveries in South Africa, 76 percent are performed via c-section. This is across both public and private facilities. Although this percentage is much lower in Europe and the United States, globally c-section statistics ...
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Healthcare delivery model to blame for consumer behaviour

Published: Wed, 15 Feb 12

SA’s current private healthcare delivery model has created a ‘spoilt system and spoilt consumer’ according to Mark Arnold, Principal Officer for Resolution Health Medical Scheme (RHMS). “Over the past few weeks, healthcare news has been dominated by consumers raising concerns over benefit ...
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Holistic Healthcare Planning is Essential

Published: Fri, 10 Feb 12

Current statistics paint an alarming picture of the increasing prevalence of life threatening illnesses such as cancer and heart disease. No-one likes to think about contracting one of these ailments, especially when you consider that your medical aid benefits are unlikely to stretch far enough to cover all of the ...
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Netcells Cryogenics receives AABB Accreditation

Published: Thu, 09 Feb 12

First and only stem cell bank in Africa to achieve AABB Accreditation Independent South African stem cell bank Netcells Cryogenics recently became Africa’s first and only stem cell facility to be awarded certified accreditation by the American Association of Blood Banks (AABB). This makes Netcells the only ...
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Pensioners set to benefit from implementation of NHI

Published: Thu, 09 Feb 12

The introduction of the National Health Insurance (NHI) initiative has been comprehensively examined as to the impact it will have for those who don’t currently have any medical cover, yet one of the overlooked areas is the fact that it will also help to alleviate a major cost burden for those in retirement. ...
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Implications of Arab Spring and political transitions raise concerns for businesses around the world

Published: Thu, 09 Feb 12

CHICAGO – While clarity has begun to emerge in some of the countries affected by the Arab Spring, the resulting tension has spurred or intensified protests in dozens of countries, both within the region and elsewhere. According to Aon's 2012 Political Risk Map this remains a concern for businesses operating ...
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A loss Consumers can ill afford

Published: Mon, 06 Feb 12

The FSB regularly provides an update on the number of licences which were suspended or withdrawn and those whose status was reinstated after withdrawal or suspension. The table below provides details of such reports released over the last 13 months. FSP update on: Suspended Suspension ...
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Registration has opened for The Insurance Conference 2012

Published: Thu, 02 Feb 12

Registration has opened for The Insurance Conference 2012 which will be held at Sun City, from 10 - 13 June 2012 and an early bird discount is available for early bookings until 9 March 2012, so get registered now. The Annual Insurance Conference provides a forum for all sectors of the insurance industry to ...
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Global executives say companies should be measured by their societal purpose, according to new Deloitte survey

Published: Mon, 30 Jan 12

Private sector leaders and Millennials believe business, more than any other area, has the potential to impact society’s biggest challenges   Johannesburg – Deloitte Touche Tohmatsu Limited (DTTL) has shared the results of a global survey exploring business leaders' attitudes on the purpose, ...
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Big data holds big challenges for 2012

Published: Mon, 30 Jan 12

As 2012 rolls in amid continued economic uncertainty, businesses will have to work smarter to achieve sustainability and growth. One way of succeeding is to extract more value from data through business intelligence (BI) and analytics. This poses a huge challenge to the organisation, particularly in face of the growth ...
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IRMSA Conference 2011: This Turbulent World - What’s Next?

Published: Fri, 27 Jan 12

  By Michael E. Stoker Insurance Gateway® a division of Stoker Risk and ICT (Pty) Ltd www. insurancegateway. co. za         Delegates who gathered in their hundreds at the 2011 Institute of Risk Management South Africa’s Annual Conference held ...
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Survey - Professionals are more upbeat on the state of the economy

Published: Thu, 26 Jan 12

Confidence among graduate professionals* improved in the final quarter of 2011, according to the latest results from the PPS Graduate Professionals Confidence Index, with an overall confidence level of 58%, the highest level recorded since the first quarter of last year. The quarterly survey, which now tracks ...
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Aon Kicks Off Second Leg of Epic Soccer Journey through Africa

Published: Thu, 26 Jan 12

“Pass It On” initiative to engage clients, colleagues and communities as Manchester United football travels from Cape to Cairo Aon South Africa kicked off the second leg of its eight month Cape to Cairo journey from its head office in Sandton last week. Aon staff members set off in four branded ...
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Super Ombud on the cards again

Published: Mon, 23 Jan 12

Two articles in Saturday’s Personal Finance make it clear that the current system of handling complaints is not cast in stone. The gist of the articles is summarised as follows on the Personal Finance website: A breakdown in relations between the former Ombudsman for Short-term Insurance and the insurance ...
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Prioritise your healthcare with your new-year resolutions

Published: Mon, 23 Jan 12

Given the economic tribulations we’ve endured during the past few years, you may have identified budgeting as one of your most important new year’s resolutions. As such, you’ll be looking to cut certain costs – but make sure that medical insurance isn’t one of them. As a healthy ...
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Risk Management - The key to sustainable strategies

Published: Fri, 20 Jan 12

Chief risk officers, heads of risk and compliance officers have stressed the importance of entrenching their company's sustainability. Without a solid structure of sustainable planning in your risk management objectives and the future of your organisation may not be as secure as you'd like. Perhaps ...
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Competition for University places highlights need for careful planning

Published: Wed, 18 Jan 12

The release of the recent 2011 National Senior Certificate (NSC) results by the Department of Basic Education, and the rush by many students to ensure they have a place on their preferred courses, has highlighted the appetite for tertiary education among the newly matriculated, yet for many the rising cost of education ...
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Financial planning key to overcoming debt in 2012

Published: Tue, 17 Jan 12

Enquiries for assistance with debt by South African consumers has already tripled in the beginning of 2012 compared with the same period last year, according to debt-counselling business Debt Busters. This alarming news highlights the importance for all South Africans to ensure they have a sound financial plan in ...
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Economic and Social Turmoil Risk Reversing the Gains of Globalization, Report Warns

Published: Wed, 11 Jan 12

Economic imbalances and social inequality risk reversing the gains of globalization A dystopian world, unsafe safeguards and the dark side of connectivity are this year’s major risk cases Report analyses top 10 risks in economic, environmental, geopolitical, societal and technological categories Key ...
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From The Glossary »

Funds Withheld:

The situation in which a ceding company retains a deposit of the premium due to reinsurer’s. It withholds a portion of the premiums due as a guarantee that a reinsurer will meet its loss and other obligations. Also referred to as deposits retained. Funds withheld is one way of putting the security in place for foreign reinsurance to be regarded as approved reinsurance under both of the Insurance Acts.
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