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Road fatalities during the holiday period

Following the recent announcement by Transport Minister Joe Maswanganyi that there was a 51% increase in road fatalities from 156 road fatalities during the 2016 Easter holidays to 235 road fatalities during the 2017 Easter holidays, it is clear that travelling in a motor vehicle is probably the most ...
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FNB Islamic Banking launches Takaful

Johannesburg: Today FNB Islamic Banking launched Takaful – simply defined, it is an innovative solution which is a co-operative system of reimbursement in the case of loss, which is organised as an Islamic compliant alternative to conventional insurance. As with conventional insurance, and similarly ...
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One more holiday break in sight – stay safe on the roads

While many may have pleasant memories of the Easter weekend, others are however counting the costs of loss over the long weekend due to various road accidents that happened across the country. According to traffic authorities, the past Easter weekend statistics included: 235 deaths on our roads 1 ...
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Happy campers make for happy holidays

The great outdoors is a favourite South African pastime, whether it is ‘trekking’ a caravan to a remote beach location, camping in a tent in the bush, or sitting around the campfire under the stars in your own backyard. Even if some holidaymakers like to ‘rough it’ ...
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Laws amendment to accommodate health insurance demarcation regulations

      Patrick Bracher, Director Norton Rose Fulbright South Africa Inc.   The pending changes to the Medical Schemes Act and the Long-term and Short-term Insurance Acts to accommodate the demarcation regulations were made on 1 April 2017 including ...
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From The Glossary »

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Termination Rate:

The rate at which insurance contracts fail to be renewed. Termination rates are usually expressed as a ratio of the number of contracts, on which insured’s fail to pay premiums during a given period, to the total number of contracts at the beginning of the period from which those termination occur.
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