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Unclaimed policy benefits – ASISA members using tracing activities to honour claims

ASISA’s members united policyholders, beneficiaries, investors & heirs with unclaimed assets of R8.1bn last year. According to a recent ASISA news release, unclaimed assets of R17.1bn remain, but members will honour claims no matter how long it takes for the legal owners to come forward. Rosemary Lightbody, the senior policy adviser at ASISA, says despite […]

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Cyber-attacke

Cyber-attack methods – Which are the most common ones?

“By exercising vigilance and following security best practices, users and organisations can take measurable steps in protecting themselves against some of the industries’ most common attacks.” Tweet by The Insurance Crime Bureau, May 21, 2019. The World Economic Forum rated cybersecurity as one of the top risks facing the world today. Independently, business leaders also prioritised […]

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CPD requirements – Extended CPD activity explained

The publication of the FSCA’s FAIS Notice 35 of 2019 triggered a few questions in the industry. The FAIS Notice states that “FSPs, key individuals and representatives who are members of foreign professional bodies, are exempted from the CPD requirements to the extent that all reference to “CPD activity” in the Fit and Proper requirements […]

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