FAIS Ombud highlights risks of failing to inform clients properly
Providers need evidence that clients were informed of material policy requirements, as a case involving a stolen Toyota Prado illustrates.
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How the VAT increase will impact insurers and policyholders
Insurers must absorb additional compliance expenses and rework their pricing strategies, with no corresponding revenue gain.
Comprehensive insurance ‘is a necessity as kidnappings skyrocket’
It has become crucial for companies and individuals to secure specialised coverage for kidnapping risks, says OLEA South Africa.
