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Foreign film and TV incentives set to boost job growth

Published: Wed, 23 May 12

Recent amendments to the foreign film and television incentive scheme - which will benefit foreign film makers through government rebates - will not only result in a positive boost for the South African film industry, but will also benefit related industries such as specialised local insurers, tourism, and catering, ...
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Local shipping industry should take heed in the wake of increased groundings

Published: Wed, 23 May 12

The number of marine vessel strandings along the South Africa coastline should serve as a warning to local ship owners who are sending an underinsured or uninsured fleet out to sea and in time could have a negative impact on the maritime insurance industry. “We are hoping that the publicity surrounding ...
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Law Society welcomes legal practice bill

Published: Tue, 22 May 12

The Law Society of South Africa (LSSA) welcomes the publication of the long-awaited Legal Practice Bill. ‘This Bill has been in the making for more than a decade, and throughout that process, the LSSA has been cooperating with the Department of Justice and Constitutional Development and other stakeholders as ...
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A Telematics partnership that is changing insurance in SA

Published: Tue, 22 May 12

AMS (Asset Management Solutions) the largest independent surveying company in SA and Scope Technologies, a global leader in the telematics technology space, have formed a partnership that is actively and aggressively out to change the telematics or PAYD (Pay as you drive) insurance market in SA.   Says ...
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Non-executive changes to Mutual & Federal board of directors

Published: Tue, 22 May 12

Mutual & Federal, a member of the Old Mutual Group, announces changes to its board of directors following the retirement from its board of two veteran board members, Mr. JB Magwaza and Mr. Tom Boardman. Mr. He has a long history of service to the Old Mutual Group dating back to 1979 through to his retirement ...
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Continuous Professional Development: Part I

Published: Tue, 22 May 12

We will provide readers with an overview of the FSB’s proposals on continuous professional development, or CPD, over the next few weeks. The draft is available on the FSB website, as well as on the Moonstone website. PURPOSES OF CPD Subject to Part VII of the Determination of Fit and Proper Requirements, ...
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ACE Insurance Announces New Leadership Team for South Africa

Published: Sun, 20 May 12

LONDON – ACE has announced two new management appointments for its South Africa business as it continues to strengthen its presence across emerging insurance markets in its Europe, Middle East and Africa (EMEA) region. Bringing 12 years of insurance industry experience, John was Executive Head, Business and ...
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COSATU protesting proposed changes to Labour Legislation– some amendments likely to be scrapped says ENS

Published: Sun, 20 May 12

COSATU has reacted to new proposed amendments to the Labour Relations Act (LRA), particularly pertaining to laws regarding strikes and picketing, with national outcry. Furthermore, other proposed amendments regarding the locations of strikes could directly intrude on third party property rights. As a result, labour ...
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Vodacom granted short and long term insurance licences

Published: Wed, 16 May 12

JOHANNESBURG - Vodacom has received the go-ahead to enter the South African insurance market having been recently awarded a long term insurance licence by the Financial Services Board (FSB). This licence, along with the short term licence granted earlier this year, allows Vodacom to underwrite and sell insurance ...
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Proposed amendments to Labour Legislation causing concern for local employers

Published: Wed, 16 May 12

The proposed amendments to the Labour Relations Act (LRA) and the Basic Conditions of Employment Act (BCEA) are causing new controversy, due to potential implications both for employers and employees. This is according to Brian Patterson, Employment Law director at ENS, speaking at the ENS Employment Law Seminar ...
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Exploring the world’s specialist insurance market

Published: Tue, 15 May 12

              CAPTION - From left: Enjoying a training break: Alex Handcock (Safeonline), Madikane Ramolodi (Camargue), David Page (Richard Oliver International) and Catherine Berry (Camargue). ...
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FSPhub is launched

Published: Tue, 15 May 12

Julius Strydom, CEO of HubIT (Pty) Ltd has informed us that they are embarking on a major rebranding exercise. HubIT is now trading as eFFiciency Hub, which they believe more accurately describes what they are about - online systems which focus primarily on enabling the users of the system to do ...
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More SA professionals considering emigrating - survey

Published: Tue, 15 May 12

Rising concern over issues such as crime, healthcare and education are leading more graduate professionals in South Africa to consider emigrating, according to the latest results from the PPS Graduate Professionals Confidence Index. The quarterly survey, which tracks the confidence levels of nearly 6 000 of ...
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Directors and Officers insurance is critical protection, says litigation expert

Published: Mon, 14 May 12

Company directors and officers can be personally ruined by litigation, says John Neaves of Norton Rose Attorneys – and every director is entitled to the protection of proper Directors and Officers (D&O) insurance. “I would not be prepared to sit on any board unless I was personally covered ...
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Stride delivers industry data sharing solution

Published: Mon, 14 May 12

Almost three years ago the industry, through the SAIA, FIA and their respective members, started planning an industry solution to address the need for data sharing as stipulated in the binderholder regulations. “The industry soon realised that, not only will this initiative address numerous inefficiencies ...
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The good, the bad and the ugly

Published: Mon, 14 May 12

ECONOMIC COMMENT BY LUKE DOIG, SENIOR ECONOMIST CREDIT GUARANTEE INSURANCE CORPORATION   Month-to-date over recoveries on fuel currently stand at 45 cents per litre for 95 ULP (petrol) and 24 cents per litre for 0. This has primarily been driven by the welcome drop in international crude oil prices in recent ...
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Insure Group boasts new image

Published: Fri, 11 May 12

The short-term insurance industry financial services provider, Insure Group unveiled a new image and brand positioning to the market yesterday. This follows the name changes of the Holdings Company and it's subsidiaries earlier in the year and now completes this process. Insure Staff at the brand ...
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Prime Minister David Cameron and Lloyd’s Chairman John Nelson: Lloyd’s to become global hub for specialist insurance and reinsurance by 2025

Published: Fri, 11 May 12

Making sure Lloyd’s becomes the major global hub for specialist insurance and reinsurance is at the heart of an ambitious new strategy for the historic insurance market, unveiled today. Called Vision 2025, the strategy was launched in the Lloyd’s building’s famous Underwriting Room at a special ...
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Camargue invests in industry development with University of Witwatersrand scholarship

Published: Fri, 11 May 12

Specialist underwriting insurance firm Camargue has confirmed that it will once again invest in the development of the industry by awarding a scholarship to a University of Witwatersrand’s School of Economics & Business Science student. This year top Honours student Stephanie Fienberg is the deserving ...
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Defining different types of risk

Published: Fri, 11 May 12

                  Dr David Hillson FIRM, HonFAPM, PMI Fellow   People sometimes ask how we should define "strategic risk". First let's consider "strategic risk":   One basic definition of risk is "uncertainty ...
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From The Glossary »

Renewable Term Insurance:

Term life insurance providing the right to renew at the end of the term for another term or terms, without providing evidence of insurability. The premium rates increase at each renewal as the age of the life insured increases.
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