‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
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Although COVID-19 has created greater awareness of the need for life insurance, consumer spending power has reduced significantly. Add to this the increase in death and funeral claims as well as the impact […]
Adjusted Level 3 Regulations were gazetted on 29 December 2020 and contain further restrictions and stricter penalties for non-compliance with a view to curbing the spread of the virus while retaining a functioning […]
The global pandemic has caused disruptions to economies around the world. While the most devastating effects of the disease have been the number of infections and deaths, its economic consequences cannot be understated. […]
“The retirement funds sector in South Africa has seen significant change in the past few years – with the focus largely on stronger regulation to protect the interests of members. There can be […]
Whilst the South African government has been heavily criticised by both the media and the public regarding the availability of a COVID-19 vaccine, the Council for Medical Schemes (CMS) has been co-ordinating public-private […]
As the number of COVID-19 infections in South Africa spikes again, and everyone eagerly awaits the vaccine, people are more focused than usual on their own mortality. This highlights the importance of ensuring […]
Following the UK’s vaccine approval and other countries following, there is a possibility that once the COVID-19 vaccine is readily available and the associated risks of the disease are no longer top of […]
Towards the end of November 2020, the Momentum/Unisa Household Finance Insight Report for 2020 was released. A specific analysis was done to estimate the impact of Covid-19 and the lockdown on household finances […]
Towards the end of November 2020, the Momentum/Unisa Household Finance Insight Report for 2020 was released. A specific analysis was done to estimate the impact of Covid-19 and the lockdown on household finances […]
Through various communications this year, the Financial Sector Conduct Authority (FSCA) acknowledged the impact of COVID-19 on the financial services industry and the challenges that FSPs, key individuals and representatives might face in […]
Through various communications this year, the Financial Sector Conduct Authority (FSCA) acknowledged the impact of COVID-19 on the financial services industry and the challenges that FSPs, key individuals and representatives might face in […]
Insurance fraud is a world-wide phenomenon, especially during times of economic collapse. The Insurance Council of New Zealand (ICNZ) launched its own fraud bureau last year, and, according to its 2019 data, $688 […]
As a result of the impact of COVID-19 on the financial services industry, several relaxations to regulatory and filing deadlines considering the challenges that regulated entities may face in these trying times, were […]
The importance of evaluating and reassessing a client’s risk, including changes in insurance risks under the COVID-19 lockdown period was one of the topics discussed at the OSTI’s virtual Consumer Webinar. “Elements and […]
Various media reports in the last few days highlighted that a growing number of businesses are not taking the necessary steps to minimise COVID-19 risk and exposure in their workplaces and as a […]
Various media reports in the last few days highlighted that a growing number of businesses are not taking the necessary steps to minimise COVID-19 risk and exposure in their workplaces and as a […]
