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Covid-19

Proposed amendments to FICA schedules
Proposed amendments to FICA schedules

On 19 June 2020 the Minister of Finance, in terms of the Financial Intelligence Centre Act, 38 of 2001 (FICA), published proposed amendments to Schedules 1, 2 and 3 for public comment. The proposed amendments will align FICA with the current International Standards of the Financial Action Task Force (FATF) as well as recent legislative amendments...

By Seshree Govender and Nonjabulo Mthembu 1 day ago

Ombuds report shows how to save on insurance
Ombuds report shows how to save on insurance

The latest Ombudsman for Short Term Insurance (OSTI) annual report makes interesting reading from a consumer perspective, especially the insights it provides on the most common reasons for claims rejection...

3 days ago

Sizwe Mhlongo
Insurance redefining itself in a digital age

Long before the Covid-19 induced lockdown, understanding the customers' behaviour has been key to building the technology solutions and products of the future..

By Sizwe Mhlongo i 6 Jul 2020

Kedibone Dikokwe, divisional executive responsible for conduct of Business supervision, FSCA
Unpacking the FSCA's mandate as a conduct regulator

South Africa is known globally for having an efficiently run, well-regulated and stable financial services industry. And the enterprise tasked with regulating this robust sector, the FSB, was largely successful - which begs the question: why change this regulator to the FSCA in 2018?

By Kedibone Dikokwe 2 Jul 2020

Absa Life launches a bot that helps both customers and employees
Absa Life launches a bot that helps both customers and employees

With the help of a WhatsApp chatbot, Absa Life funeral policyholders can now access basic policy information at any time of the day or night...

Issued by Praekelt 1 Jul 2020

Ready, set, comply - sections of the PoPIA implemented
Ready, set, comply - sections of the PoPIA implemented

President Cyril Ramaphosa has announced that sections of the long-awaited Protection of Personal Information Act (PoPIA) will finally be enforceable from 1 July 2020...

By Johan Botes and Kirsty Gibson 24 Jun 2020

Poobalan Govender
How well are default regulation strategies holding up in the new normal?

The fallout from Covid-19 is disrupting most sectors and the retirement fund industry is no exception...

23 Jun 2020

Protection of Personal Information Act sections come into effect
Protection of Personal Information Act sections come into effect

The Presidency has announced the commencement of certain sections of the 2013 Protection of Personal Information Act...

22 Jun 2020

Life insurance - demonstrating value in a post-pandemic economy
Life insurance - demonstrating value in a post-pandemic economy

Covid-19 and 10 years of declining growth put the South African economy into freefall. Insurers are heading into an environment where consumers will be under tremendous financial pressure and questioning the value proposition of all their financial planning solutions...

9 Jun 2020

#OrchidsandOnions: Long live the new king
#OrchidsandOnions: Long live the new king

There seems to be a new Nando's in town - or at least a wannabe Nando's. I'm not talking about flame-grilled chicken icons, though Nando's is in that particular area. The fast food group has for going on two decades now, been king of the heap when it comes to producing funny, gag-filled advertising...

By Brendan Seery 9 Jun 2020

Worldwide surge in purchase of life insurance in the wake of Covid-19
Worldwide surge in purchase of life insurance in the wake of Covid-19

As the Covid-19 pandemic sweeps across the world, consumer behaviour around life insurance cover is changing fast. While some aspects of the new behaviour patterns are driven by lockdown-related restrictions, others are directly due to the way people are reacting to an uncertain future...

Issued by Simply 5 Jun 2020

Peter Castleden, CEO, Sanlam Indie.
Brokers, pandemics and AI

Level 3 Covid-19 brings another wave of economic activity, but given the new normal of masks, social distancing and a healthy dose of hand sanitiser, this makes life a little more complicated for intermediaries...

3 Jun 2020

Will lockdown change how we do funerals?
Will lockdown change how we do funerals?

The lockdown has brought changes that require us to adapt to a new normal, one of these being the way in which we carry out funerals. But has this ushered in a new normal that could help grieving families cut back on costs and lengthy preparations?..

Issued by MiWayLife 2 Jun 2020

Challenger Type - The Dramatic Disruptor
Challenger Type - The Dramatic Disruptor

Breaking through by changing behaviour...

Issued by eatbigfish 1 Jun 2020

Hollard's Covid-19 response includes distribution of food hampers
Hollard's Covid-19 response includes distribution of food hampers

The Covid-19 pandemic has aggravated food insecurity in the most vulnerable communities within our society, says Londiwe Mkhize, Hollard's Group Head of Corporate Affairs...

Issued by Hollard 29 May 2020

Not all credit insurance policies are created equal
Not all credit insurance policies are created equal

In many ways financial services institutions have stepped up to assist South Africans facing financial challenges due to Covid-19. One such option is for people with valid credit insurance policies to claim their benefits...

By Anton Davies 28 May 2020

Rudi van Rooyen
Why companies need to meet insurance needs despite financial pressures

The only insurance benefits many South Africans have is their employer's group insurance benefits to meet their household's financial needs in the event of death, disability or critical illness...

By Rudi van Rooyen, 20 May 2020

What good leaders do in a time of crisis
What good leaders do in a time of crisis

As part of Saica's Leadership in a time of crisis webinar series, CA(SA) and CFO of Discovery Health, Brett Tromp, shared his thoughts on what good leaders can do in a time of crisis...

Issued by SAICA 6 May 2020

Is your life insurance enough?
Is your life insurance enough?

Not all life insurance is created equal, so how do you go about finding one that will give you peace of mind and meet your loved ones' needs? It is all in finding the right features and benefits that compliment your current lifestyle, and here is what you need to look out for before you sign your name on the dotted line...

Issued by MiWayLife 5 May 2020

#LockdownLessons: Naked Insurance reduced premiums during lockdown
#LockdownLessons: Naked Insurance reduced premiums during lockdown

During the nationwide lockdown, Naked Insurance offered CoverPause on the days' customers were not driving, saving up to 90% of the car insurance premiums...

By Evan-Lee Courie 5 May 2020

Business interruption insurance: Could you be covered for Covid-19?
Business interruption insurance: Could you be covered for Covid-19?

Business interruption insurance is designed to compensate a business for the financial impact of an interruption or interference as a result of physical damage to the insured property or due to external events such as damage at a key customer or supplier's property...

By Ayanda Nondwana 21 Apr 2020

Christelle Colman
3 questions to manage your insurance in lockdown

Insurance tends to be the first thing that falls away when finances get tight. But there are ways to save money without losing your cover...

20 Apr 2020

Does your life insurance cover coronavirus death?
Does your life insurance cover coronavirus death?

There is no denying that the coronavirus (Covid-19) has brought rippling effects that are currently being felt globally, but what does this mean for people who are looking to take out life insurance or already have a policy in place? Here are all your questions answered below...

Issued by MiWayLife 20 Apr 2020

#Covid-19: What you need to know about income protection
#Covid-19: What you need to know about income protection

If I get Covid-19, will my income protection or life insurance cover me? And what can I do if I can't pay my premiums as a result of the pandemic affecting my income? These questions are top of mind right now...

Issued by FMI Insurance 17 Apr 2020

Is life insurance taxed?
Is life insurance taxed?

If a loved one passes away and you receive a payment from their life insurance policy, do you have to pay tax on the amount?..

Issued by MiWayLife 16 Apr 2020

Fasset hands repeat candidates an invaluable opportunity
Fasset hands repeat candidates an invaluable opportunity

Saica has secured funding from the Financial and Accounting Services Sector Education and Training Authority (Fasset) to run its Thuthuka ITC Repeat Programme...

Issued by SAICA 16 Apr 2020

Christine Rodrigues, partner and insurance law specialist Bowmans
Is lockdown bringing out the best in SA insurers?

In the weeks since South Africa's Covid-19 lockdown started, local insurers appear to be embracing the Treating Customers Fairly (TCF) principles even more so than required by law under normal conditions...

15 Apr 2020

#OrchidsandOnions: The 'quest' for realism
#OrchidsandOnions: The 'quest' for realism

You might as well be Nostradamus, Siener van Rensburg or the auntie who puts together the astrology column in the newspaper for all anyone can predict the future, AC (After Coronavirus)...

By Brendan Seery 14 Apr 2020

OUTsurance implements a 15% vehicle premium discount
OUTsurance implements a 15% vehicle premium discount

OUTsurance has implemented a 15% premium discount on all existing vehicle insurance policies for the month of May 2020 as the Covid-19 pandemic continues...

14 Apr 2020

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