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Day 2 Highlights from the FSCA Industry Conference 2026

Several investigations are looking into possible regulatory breaches by insurers, the Authority says.

Concern over the ‘alarming’ number of cases involving the submission of fictitious policies to insurers.

Case of Smart Billion highlights what is expected of KIs, says FSCA.

The penalties imposed by the Authority on Viceroy and Markus Jooste came to R211 million.

Moonstone will check the authenticity of a certificate if provided with written consent.

The assertions by competitor Everything.Insure are misleading and defamatory, the insurance aggregator says.

The insurer must prove on a balance of probabilities that the insured recognised the danger and proceeded with his course of action.

The Authority is looking into allegations that the company was involved in money laundering.

The fund has not resumed paying the past medical expenses of scheme members injured in motor vehicle accidents.

Sanctions can include a fine of up to R10 million in respect of a natural person and R50m in respect of a legal person.

PwC survey finds that 74% of funds are now paying some or all their board members, up from 47% in 2020.

The judgment could have far-reaching implications for the life insurance industry, it says.

Trustees and principal officer commit to good governance in enforceable undertaking signed with the FSCA.

The group also intends to maintain its high dividend pay-out ratio.

Old Mutual sets minimum salary | Apex to manage Eskom retirement fund

Two complaints where the FAIS Ombud held that the FSPs had not drawn the clients’ attention to the material terms.

The insured submitted a third-party liability claim two months after the incident.