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South African Customer Satisfaction Index shows fondness for fast foods
South African Customer Satisfaction Index shows fondness for fast foods

The Consulta 2016 National South African Customer Satisfaction Index (SAcsi) reflects that South Africans are fond of fast food...

22 Jun 2017

Tabech wins Seedstars Mozambique round
Tabech wins Seedstars Mozambique round

Mobile insurance startup Tabech has been selected as the winner of the Mozambique round of Seedstars World for its Móvelcare product. It was also announced that the annual Seedstars Africa Regional Summit will take place in Mozambique...

22 Jun 2017

Brooks Mparutsa, executive director of Hollard's international business.
Hollard partners with Cigna

Insurer Hollard planned "significant acquisitions" on the continent in the next few years...

20 Jun 2017

Photo: Mediclinic
New law crimps cash-back plans

The demarcation regulations clearly distinguish between medical insurance products and medical aid schemes...

By Roland Buys 20 Jun 2017

Iemas now offers a primary healthcare solution to participating employer groups
Iemas now offers a primary healthcare solution to participating employer groups

Iemas Insurance Brokers has announced yet another solution to its current product portfolio in the form of primary healthcare solutions to participating employer groups' employees...

Issued by Iemas Financial Services 19 Jun 2017

A screenshot of the Outsurance Father’s Day ad.
Outsurance responds to its ‘racist' Father's Day ad, blames junior employee

NEWSWATCH: Outsurance's Father's Day advert was ill-conceived by a 'young' staff member and branded as 'racist' for featuring predominantly white fathers...

19 Jun 2017

Intermediaries applaud South Africa's top insurance brands
Intermediaries applaud South Africa's top insurance brands

In a ‘best of the best' celebration held at the Sandton Convention Centre, Johannesburg, on 8 June, the Financial Intermediaries Association of Southern Africa announced the 2017 FIA Awards winners...

Issued by Financial Intermediaries Association 9 Jun 2017

Genesis wins case on accounting for use of medical savings funds
Genesis wins case on accounting for use of medical savings funds

Genesis has won its legal battle with the Council of Medical Schemes over how to account for the funds in members' medical savings accounts...

9 Jun 2017

IFRS 17 will revamp insurance industry
IFRS 17 will revamp insurance industry

The new version of the IFRS is a completely new way of thinking for insurers...

6 Jun 2017

FAIS Fit & Proper e-learning now available with a shopping cart
FAIS Fit & Proper e-learning now available with a shopping cart

The challenges facing the financial services sector and related insurance business unit is ensuring they have suitably qualified FAIS Fit & Proper employees with qualifications aligned to the specific categories of insurance...

Issued by Intelligo Solutions 5 Jun 2017

Raimund Snyders, CEO of Old Mutual Insure
Goodbye Mutual & Federal, hello Old Mutual Insure

As of today, Mutual & Federal will be known as Old Mutual Insure...

5 Jun 2017

Muvhango Lukhaimane, pension funders adjudicator. Photo: PFA
PFA penalises RA fund for breaching duty of care

The Pension Funds Adjudicator has ordered Discovery Retirement Annuity Fund to refund a member R16,740.65 for unlawfully deducting an early exit fee...

2 Jun 2017

Romolo Tavani
Osti reports on 2016

In 2016, the Ombudsman of the Short-term Insurance (Osti) saw major changes in leadership, its approach to work and the impact of the legislative environment...

2 Jun 2017

Reserve Bank considers insuring people's savings
Reserve Bank considers insuring people's savings

SA is considering insuring people's savings in the event of a bank failure...

By Robert Laing 31 May 2017

Gerhard van Emmenis, acting principal officer, Bonitas
Mind the gap

Medical insurance products have got a bad rap, to the extent that the National Treasury stepped in to ensure consumers are safeguarded...

29 May 2017

Discovery, Investec face off
Discovery, Investec face off

It can't be coincidence that just as Discovery prepares to open a bank, Investec has gone into life insurance...

29 May 2017

Deloitte comments on IFRS 17
Deloitte comments on IFRS 17

Today's publication of the International Financial Reporting Standards (IFRS 17) marks a once in a lifetime regulatory change in accounting for insurance policies...

18 May 2017

#NAMPO2017: Appropriate financing needed to unlock agriculture's potential
#NAMPO2017: Appropriate financing needed to unlock agriculture's potential

“Innovation, technology, and economies of scale are critical in today's farming environment to ensure sustainability and competitiveness. These new challenges and complexities highlight the need for appropriate financial support..."

16 May 2017

Ombud recovered R187.7m in long-term insurance complaints in 2016
Ombud recovered R187.7m in long-term insurance complaints in 2016

Ron McLaren, long-term insurance ombudsman, highlights some of the challenges and concerns of the industry, ahead of the release of his office's 2016 annual report...

15 May 2017

Treasury tweaks insurance bill
Treasury tweaks insurance bill

The Treasury has agreed to changes to the insurance bill in a bid to accelerate the transformation of the industry...

11 May 2017

South Africans present new method for financial markets at international conference
South Africans present new method for financial markets at international conference

Two South African academics have pioneered a new numerical method that could help ensure greater efficiency and accuracy when pricing financial derivative instruments in markets worldwide...

9 May 2017

More PPPs needed to get agriculture back on its feet
More PPPs needed to get agriculture back on its feet

While there are some PPPs in the agriculture sector, such as the Strategic Water Partners Network, it is not nearly enough to stimulate the type of growth that is required to see the industry back on its feet...

8 May 2017

Insurance, innovation and IoT
Insurance, innovation and IoT

In 2016, economic growth in South Africa was virtually non-existent, making it a tough year for the short-term insurance industry...

By Neil Pather 2 May 2017

Building on success: The 2017 FIA Awards survey is underway
Building on success: The 2017 FIA Awards survey is underway

The 2016-17 Global Competitiveness Report ranks South Africa 11th out of 138 countries for our financial market development...

Issued by Financial Intermediaries Association 26 Apr 2017

Royal London invests in SA insurtech to cover diabetics
Royal London invests in SA insurtech to cover diabetics

UK insurer, Royal London, will be adopting a South African designed insurtech platform to extend cover to clients living with diabetes...

26 Apr 2017

Insuring infrastructure projects from concept to completion
Insuring infrastructure projects from concept to completion

Infrastructure projects are complex, often large and long-term undertaking, and the inherent risk can have far-reaching consequences for every stakeholder throughout their lifecycle...

26 Apr 2017

Art in transit. Ensure it's insured
Art in transit. Ensure it's insured

If you own an Irma Stern, there is no doubt that you forked out a great deal of money. So the last thing you want is for it to be damaged in transit...

25 Apr 2017

Munich Re sees Asia driving growth for insurers
Munich Re sees Asia driving growth for insurers

FRANKFURT - Growth in Asian emerging economies will boost global insurance markets into next year...

24 Apr 2017

MediFin launches affordable travel insurance products
MediFin launches affordable travel insurance products

After noticing an increase in foreigners visiting South Africa, MediFin, a leader in cosmetic medical finance, has launched its very own online travel insurance products, MediFin Travel Insurance...

Issued by Medifin Financial Services 24 Apr 2017

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