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FSB FAIS Conference March 2016

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Knowledge Base Categories »

Arbitration »			Artificial Intelligence »
ASISA Collective Investment Schemes (Unit Trusts) new Fund Classification Standard »			ASISA Financial Planner Forums »
Banking and Finance »			Banking Regulation »
Big Data and the Internet of Things »			Black Economic Empowerment (BEE) »
Blockchain »			Captive Insurance Companies »
Collective Investment Schemes (e.g. Unit Trusts) »			Companies Act 71 of 2008 »
Competition Issues »			Compliance Updates »
Conflict of Interest »			Credit Insurance »
Duty of Good Faith and Disclosure »			Economic and Investment Updates »
Education and Training »			Ethics in Business »
Exchange Traded Funds (ETFs) »			FAIS »
Financial Sector Charter »			Fraud »
Global Economic Outlook »			Governance »
Hedge Funds »			Industry Structure »
Insurance Industry Analysis »			Intellectual Property »
Intermediaries Liability Exposures »			Investing in Africa »
Investment Diversification »			Measuring the Value of Financial Advice »
Mergers and Acquisitions Insurance »			New Financial Sector Framework - March 2011 »
Other Glossaries »			Professionalism »
Protection of Personal Information »			Regulatory Reform »
Reputation »			Retail Distribution Review »
Risk Profiling »			Treating Customers Fairly »

From The Glossary »

Average Clause:

A clause in a policy requiring that, where assets are insured for less than their full value, the insured is required to bear a proportion of any loss. The proportion is the amount by which the assets are under insured, expressed as a percentage of its indemnity value, at the time of the loss. In marine insurance it refers to loss.

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