Tag Archives | Short term insurance


Insurance switching – The devil is in the detail

“Short Term Insurance complaints remain the highest number of complaints received by this Office”. This is the view of Marc Alves of the FAIS Ombud’s office. In a recent FAIS Ombud newsletter he shares that one of the most significant causes for complaints received by the FAIS Ombud, is the replacement of short-term insurance policies, […]

Continue Reading

Short-term Insurance – Latest trends

South African Short-term Insurance – what are the latest trends, drivers and challenges? A question that more than one research house asked and surveyed in the last few months. In today’s rapidly changing environment, identifying trends in your industry, market and customers can give you a competitive edge. Research findings and reports give you access […]

Continue Reading

VAT rate on short-term insurance transactions

The South African Insurance Association has compiled a list of questions and answers to provide guidance in respect of the impact of the change in VAT rate on short-term insurance transactions. Note from SAIA- 16-May: When this document was prepared and released on 26 March 2018, the insurance industry had applied for a special transitional ruling under […]

Continue Reading

Catastrophes and the Bottom Line

Using attention-grabbing adjectives in news headlines to describe life-changing events has been the preserve of news offices around the world for years. Over the course of the past few weeks, news reports have delivered the devastating consequences of fires in South Africa, monsoon flooding in India, Nepal and Bangladesh, earthquakes in Mexico and hurricanes in […]

Continue Reading

Moonstone Regulatory Update Workshops 2017

In the financial services industry in South Africa, the only certainty is change. A number of regulatory changes with significant impact on the industry are in the pipeline. Moonstone Compliance is pleased to announce that we will hosting another round of our very popular regulatory update workshops during September 2017. As our regular attendees have come […]

Continue Reading

Short-term Insurance and FICA

Talks are currently underway to increase the obligations of the Short-term industry in respect of the Financial Intelligence Centre Act (FICA). The Financial Intelligence Centre (FIC) is the body responsible for identifying the proceeds of crime, combating money laundering (ML) and the financing of terrorism (TF). To this end, it uses information submitted by business, […]

Continue Reading