Too many eggs in one basket?
“Catch-22 is any paradoxical, circular reasoning that catches its victim in its illogic and serves those who have made the law. ”
One of the options in the Merriam-Webster dictionary reads: “A situation presenting two equally undesirable alternatives. ”
At times, these ...
Read More » Hannover Re expects its large loss budget to be exceeded
Hannover: The insurance industry currently finds itself faced with a number of severe natural catastrophe events, the losses from which cannot as yet be precisely quantified; they include Hurricanes Harvey and Irma. Hannover Re expects that its defined large loss budget of EUR 825 million will be able ...
Read More » Collaboration is the best way to combat fraud
Speakers concur that collaboration is the best way to combat fraud at the SAFPS and ICB Inaugural International Fraud Conference
“It’s a Bring and Braai,” said Manie van Schalkwyk head of the Southern African Fraud Prevention Service (SAFPS) at the Inaugural International Fraud ...
Read More » What will the amended Compliance Officer regulation changes mean in practice?
In 2010, the Regulator published Board Notice 127 which governed the services provided by Compliance Officers. Section 4. 4 of that Board Notice demanded that in respect of category 1 FSPs, an external compliance officer must conduct regular visits to the FSP’s business premises, business units ...
Read More » ASISA Board appoints new Chair and deputy Chair
The Board of the Association for Savings and Investment South Africa (ASISA) has appointed Ian Kirk, Group Chief Executive of Sanlam, as its new Chairman and Thabo Khojane, Managing Director of Investec Asset Management, as the new deputy Chairman.
Welcoming the new Chair and deputy Chair, ...
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