Carl Roothman, chief executive of retail business
Cape Town: November will be remembered for its political surprises, some pleasant and some unsettling – depending on your political ... Read More »
A reader recently enquired about the validity of the regulatory exams in view of all the pending new legislation. “Will my RE1 and RE5 certificates still be valid when the new Twin Peaks legislation comes into effect?”
The new laws will not be implemented overnight. It will be phased ... Read More »
In its report on the Twin Peaks legislation to parliament, dated 30 November 2016, the Standing Committee on Finance (SCoF) raised a number of interesting issues. International guidelines
Whilst commentators expressed criticism about certain matters where it appears that South Africa failed ... Read More »
A policy reserve computed by a method that makes no allowance for higher first-year expenses. A uniform portion of each year’s premiums paid by the insured is used for reserve purposes. Comes into play in the calculation of in-force premiums where there are cancellations or endorsements part-way through the policy term.