http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/PressItems/ Insurance Gateway: Life Press Room RSS Feed. Thu, 23 May 2013 08:13:11 +0200 Thu, 23 May 2013 08:13:11 +0200 en-za Johannesburg Liberty today announced that it has paid out R2,33 billion in claims in 2012 across its full range of risk cover solutions. This brings the total value of claims paid by Liberty to more than R15 billion in 7 years. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6577&URL=Liberty+pays+out+more+than+R2bn+in+claims Wed, 22 May 2013 17:49:51 +0200 Regulators in four countries demand a separation of long- and short-term businesses Johannesburg - Change is never easy, especially when it is imposed by circumstances, rather than by choice. This is being felt by insurers in East Africa who are having to adapt to rapid change with the biggest being regulation induced separation. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6575&URL=East+African+insurers+adapting+to+rapid+change Tue, 21 May 2013 14:49:21 +0200 Justus van Pletzen, CEO of the FIA Stakeholders in the South African financial services industry are set to gather for the much anticipated 2013 Financial Intermediaries Association of Southern Africa (FIA) Awards Gala Dinner to be held at the Sandton Convention Centre in Johannesburg on 30 May 2013. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6574&URL=Product+providers+vie+for+industry+insurance+and+investment+awards Tue, 21 May 2013 14:37:34 +0200 Group operating performance reflects continued sales momentum The performance of the group for the three months to 31 March 2013 reflects continued sales momentum in the Retail SA business, strong cash inflows, and a good overall operational performance from the rest of the groups businesses. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6569&URL=Liberty+Holdings+Limited++Operational+Update+for+the+Three+Months+Ended+31+March+2013+1 Mon, 20 May 2013 18:54:42 +0200 The High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings Limited group. MMI Holdings Limited was created in December 2010 through the merger of Metropolitan and Momentum. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6568&URL=MMI+longterm+insurance+licence+amalgamation+approved Mon, 20 May 2013 18:05:53 +0200 An article titled Financial Services Sector: get ready to relicense, published in Moneyweb yesterday, will no doubt come as a huge shock to many people in the financial services industry. It appears that licensing will not only apply to new entities falling under the FSB everybody will be affected, even those who are already licensed. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6551&URL=New+FSP+licensing+requirements+envisaged+1 Thu, 16 May 2013 21:10:26 +0200 Your date of first appointment determines by when you need to write the level 1 regulatory exam. FAIS Circular 13 of 2012 spells it out as follows: Sole proprietors, key individuals and representatives authorized, approved or appointed during January 2010 to December 2010 will be included in the extension of the re-write deadline of 31 March 2013, provided that they have attempted the examination at least once by 31 December 2012. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6550&URL=FAIS+Date+of+First+Appointment+and+the+Regulatory+Exams+1 Thu, 16 May 2013 21:09:51 +0200 The Law Society of South Africa (LSSA) expresses its concern at the recent tone of the questioning of the Office of the Public Protector by members of the Portfolio Committee on Justice and Constitutional Development. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6545&URL=Law+Society+concerned+at+Parliamentarians+inappropriate+questioning+of+Public+Protector Wed, 15 May 2013 18:40:48 +0200 The Financial Services Board (FSB) is disappointed with the sentence handed down to Mr J Arthur Brown by the Western Cape High Court today. The FSB believes that the fine of R150 000. 00 or 36 months in prison does not acknowledge the extent of the damage caused by Mr Browns actions. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6537&URL=FSB+reacts+to+Arthur+Brown+sentence Wed, 15 May 2013 15:11:06 +0200 The 23rd World Economic Forum (WEF) on Africa, currently underway in Cape Town, calls for Africa to live up to its true potential. Under the theme Delivering on Africas Promise the gathering provides an important platform for regional and global leaders to deepen the continents integration agenda and renew its commitment to a sustainable path of growth and development. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6529&URL=How+South+Africa+is+delivering+on+Africas+Promise+in+the+financial+services+sector+1 Sat, 11 May 2013 08:40:56 +0200 Board Notice 43 of 2013 exempts Stokvels and Burial Societies from being licensed. This obviously means that they no longer fall under the jurisdiction of the FSB. It is very specific about who is affected, and defines each of these entities in the Board Notice. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6526&URL=Stokvels+and+Burial+Societies+Exempt+from+Licensing Sat, 11 May 2013 07:57:25 +0200 The purpose of the document is to provide guidance on: Activities that constitute binder functions Remuneration payable by the insurer to the binder holder and The Registrars interpretation of the regulations from a regulatory perspective. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6525&URL=FSB+Information+Letter+3+on+Binder+Regulations Sat, 11 May 2013 07:43:32 +0200 In 2008, the FSB realised that the fit and proper requirements could prove to be a major obstacle for new people entering the industry. This was particularly true of the minimum experience requirements. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6524&URL=FAIS+Representatives+under+Supervision+2 Sat, 11 May 2013 07:41:18 +0200 Hannover: Hannover Re posted Group net income of EUR 221. 4 million for the first quarter of 2013. This result is a first successful step towards accomplishment of our full-year goal, namely Group net income after tax in the order of EUR 800 million, Chief Executive Officer Ulrich Wallin stated. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6509&URL=Hannover+Re+makes+a+good+start+to+the+2013+financial+year+1 Tue, 07 May 2013 20:25:52 +0200 Cyber security has moved beyond the IT department to impact governments, enterprises and individuals on a massive scale. Cyber security today is a war zone. This emerged at the opening of the 8th annual ITWeb IT Security Summit at the Sandton Convention Centre this morning. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6508&URL=Cyber+security+its+a+war+zone+2 Tue, 07 May 2013 18:17:07 +0200 Dr David Hillson FIRM, HonFAPM, PMI Fellow Since July 2003 the Risk Doctor brand has built a strong global reputation for excellence in risk management support, blending leading-edge thinking with expert practical application. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6507&URL=Congratulations+to+Risk+Doctor+and+Partners+who+celebrate+their+tenth+anniversary+this+year+1 Mon, 06 May 2013 18:29:50 +0200 This document reflects Africas vision for itself a vision of transformation that is achievable, said Donald Kaberuka TUNIS, Tunisia, April 30, 2013/ -- The economic transformation of the African continent is the cornerstone of the African Development Bank Groups new Ten-Year (2013-2022) Strategy (http://www. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6501&URL=African+Development+Bank+Group+approves+a+new+TenYear+Strategy Mon, 06 May 2013 13:48:14 +0200 By Gareth van Deventer Background Members of the Financial Services Boards (FSB) SAM Steering Committee were invited to attend a spontaneous unscheduled SAM Steering Committee meeting which took place on 26 March 2013. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6499&URL=Solvency+Assessment+and+Management+SAM+initiative+++a+little+more+time Fri, 03 May 2013 10:08:09 +0200 Liberty was the first insurer in South Africa to use rapid testing to screen insurance applications for HIV and cotinine. Recently, Liberty introduced a rapid testing for cholesterol as well. Coupled with the finger prick HIV and urine Cotinine tests introduced last year, more than 80% of clients being screened by a Liberty Nurse on the Road will not require venesection blood samples. http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6494&URL=Liberty+introduces+firsttomarket+rapid+testing+for+cholesterol+screening Thu, 02 May 2013 18:41:50 +0200 Metropolitan has appointed Shaun Lawton as Chief Financial Officer for Metropolitan Retail with immediate effect. Shaun replaces Mike McDougall, who left Metropolitan at the end of November 2012 to take up the position of CEO of the Actuarial Society of South Africa (ASSA). http://www.insurancegateway.co.za/LifeProfessionals/PressRoom/ViewPress/Irn=6493&URL=New+Chief+Financial+Officer+appointed+at+Metropolitan+Retail Thu, 02 May 2013 18:36:01 +0200