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Information Regulator publishes an invitation for public comments on new POPIA Regulations

Published: Wed, 20 Oct 21

New amended draft regulations on POPIA have been published for comment, covering various steps that people can take in exercising their rights under POPIA and how businesses can request consent for direct marketing purposes On 15 October 2021, the Information Regulator published an invitation for public comments ...
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Hospital Association of South Africa Announces New Board

Published: Mon, 04 Oct 21

The Hospital Association of South Africa elected a new Board at its Annual General Meeting earlier this month, in Johannesburg. André Joseph from Life Healthcare replaces Dr Biren Valodia from Mediclinic Southern Africa who ended a three-year stint as Chairman. Dr Valodia was re-elected as one of three Board ...
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Fulcrum Collections Welcomes Asiya Swaleh as New Business Development General Manager

Published: Wed, 29 Sep 21

Fulcrum Collections, the premium collections division of The Fulcrum Group, has appointed Asiya Swaleh as General Manager: Business Development. Her appointment is effective 1 October 2021, and she will be based at Fulcrum Group’s Bryanston office. Asiya, who started her career at Liberty ...
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ESG: What do boards need to know?

Published: Tue, 14 Sep 21

Environmental, social and governance (ESG) metrics can be hard to measure, but the risks surrounding them are increasing, as governments and citizens exert pressure on business to change their ways for the greater good. Allianz Global Corporate & Specialty’s (AGCS) latest report (attached), ESG Risk Drivers, ...
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Lower-than-usual medical scheme contribution increases likely – GTC Healthcare Consulting

Published: Wed, 18 Aug 21

This year, for the first time, it seems likely that medical schemes will announce contribution increases which are in line with recommendations suggested by The Council for Medical Schemes (CMS). This is according to Jill Larkan, Head: Healthcare Consulting at leading financial and wealth advisory business ...
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Rights and responsibilities under the data privacy laws

Published: Wed, 11 Aug 21

Over the years, data privacy and protecting personal information has become increasingly important, both from a business and client perspective. The Protection of Personal Information Act 4 of 2013 (POPI) was gazetted in South Africa in 2014 with the intention to protect your data privacy rights as well as your personal ...
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Free Online Discussion – recent regulatory impact on claims

Published: 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 Policy

Published: 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 Pearson

Published: 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 recovery

Published: 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 Conference

Published: 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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The Fulcrum Group Appoints Managing Director Designate of Fulcrum Collect (Pty) Ltd

Published: Thu, 20 May 21

The Fulcrum Group would like to announce with effect 1 May 2021, the appointment of Jade Jensen as Managing Director Designate of Fulcrum Collect, the premium collections business of the Fulcrum Group of companies. Jensen, who has been Fulcrum Collect’s General ...
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Old Mutual’s risk cover claims pay-out soars to over R14 billion in 2020

Published: 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 2021

Published: 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 Practice

Published: 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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SAIA Bulletin -  March 2021

Published: Wed, 07 Apr 21

From the Desk of the Chief Executive: Viviene Pearson   In its report titled: Economic Conditions Outlook, March 2021, ...
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First edition of the Ombudsman’s Briefcase for 2021

Published: 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 101

Published: 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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