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Press Room (Page 3)

Press Archive »

SA actuary achieves international milestone in risk management

Published: Mon, 12 Mar 12

South Africa has produced the world’s 1 000th actuary to formally qualify as a Chartered Enterprise Risk Actuary (CERA). Actuaries with this internationally recognised qualification have the sought after skill to devise and implement effective risk management strategies across organisations. According ...
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What causes emerging risks?

Published: Mon, 12 Mar 12

Dr David Hillson FIRM, HonFAPM, PMI Fellow   One of the biggest challenges for the world is how to prepare for emerging risks. These are new and previously unknown risks, or familiar risks that appear in new ways. After all, how can you predict or prepare for something that you have not seen before ...
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Draft Healthcare Demarcation Regulations

Published: Tue, 06 Mar 12

Prepared by Alexander Forbes Health   The long awaited Draft Regulations on the Demarcation between Health Insurance Policies and Medical Schemes have been released. These have been eagerly awaited by the Industry, and once finalised will give much clarity as to which products and services may be marketed by ...
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Jordaan takes over the reins at Fedhealth

Published: Tue, 06 Mar 12

Peter Jordaan has been appointed as the new Principal Officer of Fedhealth effective 1 March. Jordaan succeeds Katy Caldis who resigned last year. With a strong medical scheme track record and intimate understanding of the scheme having first joined in 2007 as a marketing executive, Jordaan has been operating ...
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MMI puts solid platform in place for future growth

Published: Tue, 06 Mar 12

MMI Holdings Limited (MMI), the diversified financial services group that includes Metropolitan and Momentum, today released a solid set of half-year results to December 2011, with core headline earnings increasing by 4% to R1 294 million as compared to the previous half-year to December 2010, under tough operating ...
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Hypertension is top chronic condition by frequency

Published: Tue, 06 Mar 12

Statistics released by Fedhealth indicate that hypertension is the top chronic condition by frequency amongst its members, with 12. 1% of Fedhealth members currently registered on the chronic medicine programme suffering from hypertension. "The average authorised cost of medication for hypertension per ...
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Draft regulations on demarcation between Health Insurance Products and Medical Schemes a dramatic blow to Medical Aid Members

Published: Mon, 05 Mar 12

By Michael Settas, Managing Director of Xelus, a gap cover provider   The release on Friday, 2 March 2012 of the draft Regulations on the Demarcation between health insurance products and medical schemes can only be described as disappointing and a blow to medical aid members who are already hard pressed in ...
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Liberty Holdings – 15% increase in adjusted core operating earnings; strategies reaping rewards

Published: Thu, 01 Mar 12

Salient Features   · Excellent operational and financial delivery in Retail SA insurance business o 46% increase in earnings o Strong new business ...
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Fedhealth launches Wellovation Weight Management Challenge

Published: Thu, 01 Mar 12

Fedhealth in conjunction with Longevity magazine has launched a nine-month weight management challenge, the Wellovation Challenge. The challenge will see nine regular South Africans who, over a nine-month period, will attempt to turn their bad habits into a healthier way of life guided by a specially selected panel ...
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Open communication is key to medical schemes' affordability

Published: Thu, 23 Feb 12

The affordability of medical schemes and medical insurance cover is a hot topic at the moment especially with the likes of NHI under discussion. Dr Tumi Seane, Acting CEO of Sechaba Medical Solutions, says uptake at medical schemes is currently slow with a perceived reluctance by the public to join a medical ...
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2012 Budget Speech – Health Focus

Published: Thu, 23 Feb 12

Prepared by Alexander Forbes Health, Technical and Actuarial Consulting Solutions (TACS)   MEDICAL DEDUCTIONS CONVERTED TO MEDICAL TAX CREDITS   The conversion of medical deductions to medical tax credits comes into effect on 1 March 2012. These reforms are aimed at improving the fairness of the personal ...
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Momentum Health: Introduction of Medical Tax Credits in March 2012

Published: Wed, 22 Feb 12

Johan Lombard Actuarial Specialist - Momentum Health   One of the most interesting changes to taxation legislation to be implemented in the 2012/2013 tax year is the change in treatment of medical scheme contributions. Up to now, taxpayers qualified for a set monthly deduction on their taxable income, ...
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2012 Budget Commentary from Momentum Health

Published: Wed, 22 Feb 12

Johan Lombard Actuarial Specialist - Momentum Health   Taxation implication in 2012: What is the impact of the Budget on your medical aid Rands? One of the most interesting changes to taxation legislation to be implemented in the 2012/2013 tax year is the change in treatment of medical scheme ...
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ENS named Premier South African Multi-disciplined law firm

Published: Mon, 20 Feb 12

ENS, Africa’s largest law firm has become the only firm in Africa to be awarded the highest accolade in the Intercontinental-Finance Magazine’s (ICFM) 2012 Continent Awards. The ICFM awards are considered to be one of the most prestigious business honours globally, with nominations and research ...
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From The Glossary »

Treaty Reinsurance:

An arrangement that covers all risks written within agreed guidelines. The insurer cedes or is obliged to cede and the reinsurer is obliged to accept these risks. This type of arrangement covers different risks that have certain characteristics in common. Individual risks are not normally negotiated.
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