Free Online Discussion – recent regulatory impact on claimsPublished: Thu, 17 Jun 21 Learn about the recent regulatory impact on claims by joining us online this Friday 18 June 2021. The amended Policyholder Protection Rules promulgated under section 55(5) of the Short-term Insurance Act as amended and currently in operation, alongside several key board notices has far-reaching implications when it ...
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The Implications Of Overloaded Vehicles On Your Insurance PolicyPublished: Fri, 11 Jun 21 Overloading – it’s a common occurrence on our roads. If we don’t drive past an overloaded bus, taxi or truck, then we read about another horrific accident caused by one. Hundreds of passengers lose their lives every year, and numerous transport owners count the cost of claims being rejected based ...
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Supporting Brokers In Optimising The Claims Experience Of Their Clients.Published: Mon, 07 Jun 21
TANSA is a team of dedicated professional Attorneys, Forensic accountants, Disaster Claims Experts and Insurance Specialists focused on Insurance Claims & Dispute Resolution. Their mission is to support brokers in optimising the claims experience of their clients. They collaborate with brokers to effectively ...
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From the Desk of the Chief Executive: Viviene PearsonPublished: Tue, 01 Jun 21 The government kicked off its phase 2 of the COVID-19 vaccinations in earnest during May 2021, with minimal people in the 60+ age group registering discontent. It is pleasing to know that the government had progressed from the “talk and planning” to execution mode. As the non-life insurance industry body, ...
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Majority of local investors miss out on strong stock market recoveryPublished: Thu, 27 May 21 The local Collective Investment Schemes (CIS) industry reported net inflows of R13. 69 billion in the first three months of this year, taking to R203. 83 billion the total net inflows for the 12 months to the end of March 2021. The CIS industry statistics for the quarter and year ended March 2021, released today by ...
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TIME TO SWITCH IT UP?Published: Wed, 26 May 21 South Africa, xx May 2021: After a year of lockdowns, a lot of South Africans have vastly changed circumstances. Many are clocking up fewer kilometres now that they’re working from home, others are looking to cut costs in the current economic climate. And some have even made dramatic changes, like moving out ...
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The Anti-Money & Financial Crime Southern Africa ConferencePublished: Thu, 20 May 21
Support from insurance companies again expected for Anti-Money Laundering and Financial Crime Southern African Conference 2021
Trade Conferences International (TCI) is hosting its well-known flagship event on anti –money laundering again this year after a break last year due to COVID. The Anti-Money ...
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Old Mutual’s risk cover claims pay-out soars to over R14 billion in 2020Published: Wed, 19 May 21 Old Mutual today announced that it paid R14 billion in risk cover claims in 2020. The pay-out includes underwritten, non-underwritten and corporate claims and represents a year-on-year increase of 24%.
On releasing its claims statistics for 2020, the group said that several trends relating to the spread ...
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SAIA Bulletin - April 2021Published: Tue, 04 May 21 During April we celebrated Earth Day and our President, Mr Cyril Ramaphosa, joined some more than 40 world leaders at a climate summit convened by US President, Mr Joe Biden, to discuss the global climate change effort in the run-up to the next international climate conference taking place in Glasgow, Scotland in ...
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Technical Excellence – Principles and PracticePublished: Mon, 12 Apr 21 Technical excellence is a term that is often cited in insurance, and especially so in relation to AGCS’s international clients with their complex risk profiles. But while it is frequently used, what does it truly mean in this context? AGCS’ Chief Underwriting Officers, Renate Strasser and Tony Buckle, ...
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First edition of the Ombudsman’s Briefcase for 2021Published: Tue, 06 Apr 21 In our first edition of the Ombudsman’s Briefcase for 2021 we take this opportunity to wish you a safe and prosperous year ahead. We face this year with a little more hope having emerged from a second wave of the coronavirus and with the COVID-19 vaccine being rolled-out. In this edition we look at insurance ...
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POPIA 101Published: Thu, 01 Apr 21 All businesses with employees, customers and suppliers must comply with POPIA, which comes into effect on 1 July 2021. Here is a practical guide to the most important aspects
With the commencement date of the Protection of Personal Information Act 4 of 2013 (POPI) of 1 July 2021 fast approaching, businesses ...
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Satrix scoops 10 SALTA awards including South Africa's favourite ETFPublished: Thu, 25 Mar 21 Satrix’s Top 40 ETF was yesterday named South Africa's favourite exchange-traded fund (ETF) for the fourth consecutive year at the 2021 South African Listed Tracker Funds Awards (SALTA). The index investment industry leader scooped 10 SALTA awards, with the wins coming just two weeks after Satrix was named ...
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Scenario planning for future disruptionsPublished: Wed, 17 Mar 21 The Covid-19 global pandemic highlights the importance of business continuity planning for current and future operational disruptions. Good continuity management learnings – robust planning and honest supply chain de-risk assessments – help businesses better adapt when the next event arrives.
Covid-19 ...
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SOCIAL INFLATIONPublished: Wed, 17 Mar 21 Social inflation is challenging the liability environment for companies and impacting potential claims payments for insurers, driven by a wide variety of factors such as anti-corporate sentiment, the rise of the litigation funding industry and even the growing use of jury psychologists. And it is no longer just a ...
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THERE’S A STORM COMING: CLIMATE CHANGEPublished: Wed, 17 Mar 21 Businesses are entering a period of huge policy and regulatory change as the world steps up its efforts to combat global warming. Actions to address climate change pose significant operational and compliance challenges for companies and those that over promise or lag behind are facing increasing scrutiny.
As ...
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ESG MOVES INTO THE MAINSTREAM (AND THE BOARDROOM)Published: Wed, 17 Mar 21 The journey from a voluntary regime for companies around environmental, social and governance (ESG) topics to a more regulated and compulsory one involving transparency, disclosure and reporting is well underway. Although there are currently no global, standardized ESG reporting benchmark requirements, “hard” ...
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New CEO to breathe life into financial sector transformationPublished: Tue, 09 Mar 21 Breathing new life into the Financial Sector Transformation Council (FSTC*) is a top priority for Pumla Ncapayi, who was recently appointed as CEO of the body tasked with overseeing transformation in the financial sector. The FSTC exists to play a key role in driving the financial sector’s transformation agenda ...
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