SAM Timeout There are currently a number of important SAM deadlines looming. SAM activity is currently rather boisterous and we thought it prudent to pause for a moment to highlight a few of the important aspects within the SAM process that we believe insurers should be concentrating on at this stage. Discussion Documents There are …. »
The loss adjuster is usually the first insurance representative on the scene when disaster strikes, and often perceived to be the “agent” of the insurer or risk carrier. Experienced in the effective resolution of a variety of losses, the skilled adjuster is key to providing that much needed support, guidance and empathy to the insured …. »
United Nations meeting in Johannesburg ahead of Rio+20 will formulate principles and actions by which to keep insurance sustainable in a changing world An influential gathering of businesspeople, change management strategists, scientists and global scenario planners took place in Johannesburg in March in the first of a series of global regional meetings that will drive …. »
Official employment statistics have revealed that retrenchments of workers in South Africa’s private sector accelerated in the first quarter of this year. As a result, thousands more employees are likely to cash in their retirement savings, putting their future financial security in jeopardy. The recently published Labour Force Survey for the first quarter of 2011 …. »
Background Following a meeting of the Ministers of Finance and Trade & Industry and the Financial Sector Charter (FSC) Council Board on 30 July 2010, it was agreed to gazette the Financial Sector Charter as a three phase process. Phase 1: Phase 1 specifically excluded Access to Financial Services, Empowerment Financing, Enterprise Development and some …. »
With this topic clearly being a controversial one, and of great interest to many of our readers, we felt that there is value to be gained in publishing the remainder of the letter. If you missed the first part, you can access it by following this link: The role of the public loss adjuster The …. »
In this first part of his article Mike introduces the public loss adjuster and expands on the value of public loss adjusters in the second part. There is no governing body representing public loss adjusters in South Africa and so I don’t profess to talk on behalf of the industry as a whole; however, our …. »
Regulatory developments will remain a key focus for intermediaries in 2011, as ongoing legislative changes within the insurance space are set to further define the changing role of the insurance intermediary. This follows an eventful 2010 for insurance intermediaries, who participated in the processes involved with the draft regulations of the Insurance Laws Amendment Act …. »
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