Secondary

The FAIS Ombud and Jaws

The worldwide outcry when a surfer in Australia or South Africa is attacked by a shark, never ceases to amaze and amuse me – the outcry, please note, not the attack. Whether this is still the aftermath of the sixties horror movie Jaws, is hard to tell, but the media and the public have a […]

Continue Reading

Monkey business

A guy walks into a bar with his pet monkey. He orders a drink, and while he’s drinking, the monkey jumps all around the place. The monkey grabs some olives off the bar and eats them, then grabs some sliced limes and eats them, then jumps onto the pool table, grabs one of the billiard […]

Continue Reading

How many actuaries a product doth make?

Last week, Gareth Stokes of FAnews ran an interesting article on product development. The article, entitled Distribution* is make or break for life insurers, addressed the issue of product development. A few quotes sets the background to the article. One section caught my eye: “…Michael Porter, an actuary at RGA, posed a series of questions […]

Continue Reading

Afrikaanse Eksamens

Die eerste uitslae is verlede week bekend gemaak, maar slegs die Raad op Finansiële Dienste (RFD) mag statistieke hieroor bekend maak. Ons wil egter graag ‘n dringende beroep doen op diegene wat die loodseksamens geskryf het, sowel as diegene wat sedert 28 Maart geskryf het, om hul ervaring met ons te deel. Daar bestaan by […]

Continue Reading

Ethical dilemma…

What if you were playing in the club championship tournament finals and the match was halved at the end of 17 holes? On the eighteenth hole, you have the honour and hit your ball a modest two hundred fifty yards to the middle of the fairway, leaving a simple six iron to the pin. Your […]

Continue Reading

What’s in a name?

The FSB recently distributed a document entitled “Call for contributions: intermediary services and related remuneration in the insurance sector”. Moonstone’s request for permission to provide input was granted, and we aim to provide the regulator with a broader perspective than what is implied in the title and scope of the document. The purpose of this […]

Continue Reading

Registration Deadline

The national inclination to defer matters of a less pleasant nature to the very last minute is not unique to our industry, but also not foreign to it. I recall how, in 2004, we received about half the licence applications in the last week before the deadline. Circular 3 of 2012 which was just released, […]

Continue Reading

Braaivleis en Maalvleis op die Spyskaart

Super 15 Roundup Injuries and lack of form have led to some interesting selections for this weekend’s Super 15 matches. Sharks versus Hurricanes With three Springboks out through injury, and Bismarck out of the starting line-up, the Hurricanes must rate their chances as being substantially improved. In my opinion, last week’s brave defence at the […]

Continue Reading

Smaller does not mean safer

Small businesses are just as susceptible to on-line piracy, phishing scams and identity theft as are the larger firms. Smaller businesses do not always believe that their key information such as bank data, customer lists, contracts and any other vital information is at risk. The threats to these businesses (and the public in general) are […]

Continue Reading

Curiosity kills the passion

A surgeon went to check on his blonde patient after an operation. She was awake, so he examined her. “You’ll be fine,” he said. She asked, “How long will it be before I am able to have a normal love life again doctor?” The surgeon seemed to pause, which alarmed the girl. “What’s the matter […]

Continue Reading