SAIA on Ratings Downgrades

In reaction to recent downgrades by rating agencies, the South African Insurance Association, the representative body for the short-term insurance industry expressed its grave concern about the immediate and long-term negative implications for the economy and the society at large. Chief Executive of the SAIA, Viviene Pearson, says: “The ramifications will be felt for many […]

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Regulatory Exam Seats Filling up Fast

As the end of June draws near, availability for seats to write the exams before the DOFA deadline are becoming increasingly scarce. It is not only those who have to write before 30 June. A number of candidates who failed to pass at the first attempt are registering to write again before the deadline. As usual, […]

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The Digital Revolution in Insurance

The future is not out there, somewhere in the, um, future. It is here. A recent posting by Forbes of a blog by Bain Insights contains the following examples of where we are heading. Example 1: In Australia, for example, you can use your smartphone to snap a photo of something you want to insure, […]

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Amendment Notice on Recognised Qualifications

Board Notice 51 of 2017 is a 31 page addition to the current list of recognised qualifications for FSPs and compliance officers. We note that all the qualifications are now marked as “G” (generic). Whilst it is not specifically spelt out, we are of the opinion that this is as a result of the scrapping […]

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Potential June UK Exam Date

30 June 2017 is the so called DOFA date for candidates who are obliged to write and pass the Regulatory Examinations (REs) within the prescribed period. A candidate’s date of first appointment (DOFA) refers to the time a person was first appointed in the industry. This is regarded as the point of departure to determine by when […]

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Advanced Medical Scheme Broker Training

The Council for Medical Schemes (CMS) will be hosting a one day consultative “Advanced Broker Training workshop for accredited healthcare brokers. This initiative is in response to a request by healthcare brokers who attended the induction workshops, asking for more advanced broker training. The workshops will be hosted in Port Elizabeth, Durban and Cape Town […]

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demarcation regulations

Yay or Nay to Demarcation Regulations?

The demarcation between health insurance and medical schemes has a long history, going back as far as 2000 after the enactment of the Medical Schemes Act no. 131 of 1998. The basis of the demarcation debate was the fact that certain health insurance products were deemed to infringe on and compete unfairly with medical schemes, without […]

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Miserable Countries

No, this has nothing to places to avoid when travelling around the globe. In fact, it may well be places you wish to go to, given the poor exchange rate because of the state they’re in. Bloomberg’s Misery Index combines countries’ 2017 inflation and unemployment outlooks to calculate the state of misery, and provides comparisons […]

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