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Introducing our new eNews AppPublished: Wed, 13 Jan 21 Insurance Gateway is thrilled to introduce our brand new electronic newspaper. The final product is available as both a mobile and desktop application. Our aim with the app was to develop an electronic newspaper that would dynamically reflect and complement our more extensive Insurance Gateway website. The pages are ...
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Insurance Ombudsman determines non-advice policy is voidPublished: Wed, 09 Dec 20 An insurer cannot hide behind the contention that a policy sold on a non-advice basis in the lower income market places the onus on the policyholder to be familiar with exclusions, the Ombudsman for Long-term Insurance Judge Ron McLaren said.
Ruling recently in a matter concerning such a policy, he said ...
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Report highlights impact of Covid-19 on household financesPublished: Mon, 07 Dec 20 Report highlights impact of Covid-19 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 to, among others, determine the magnitude ...
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Local CIS industry sees record net inflows despite Covid-19 woesPublished: Mon, 07 Dec 20 Local CIS industry sees record net inflows despite Covid-19 woes
The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the quarter and year ended September 2020. South African investors committed R57 billion in net inflows ...
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Draft Conduct Standard published for CIS ManagersPublished: Mon, 07 Dec 20 Draft Conduct Standard published for CIS Managers
A draft Conduct Standard, setting out both the principles and fit and proper requirements that CIS managers must comply with on an ongoing basis, was released by the Financial Sector Conduct Authority (FSCA) on 2 December 2020.
The draft Conduct Standard ...
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FAIS Ombud Annual report highlights the need for TCFPublished: Mon, 07 Dec 20 During the 2019/2020 financial year the Office of the FAIS Ombud received a total of 8835 new complaints - a reduction of 5. 23% from the 9323 received during the 2018/2019 financial year and the 10 211 received during 2017/2018.
In the report, released on Friday, the FAIS Ombud emphasises its three-fold ...
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DIVERSITY AND DIRECTORS AND OFFICERS LITIGATIONPublished: Wed, 02 Dec 20 Diversity awareness is more important than ever before for senior management in all companies, as more and more investors, activists and shareholders, not to mention regulators, begin taking it more seriously. But, for those who don’t, a flurry of recent lawsuits should raise concerns that directors and officers ...
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COVID-19: NAVIGATING THE ‘CEO MOMENT’Published: Wed, 02 Dec 20 In the wake of the Covid-19 shockwaves, companies are still having to plan and implement return-to-office measures. Given that, and a looming global recession, the pressure – and risks – couldn’t be higher for executives, as highlighted in a recent Clyde & Co. and Allianz Global Corporate & ...
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FPI awards – Winners announcedPublished: Thu, 29 Oct 20 “We believe that hard work deserves to be rewarded, and that’s why we make sure that we recognise the outstanding achievers in the financial planning industry annually,” according to the Financial Planning Institute of Southern Africa (FPI). On Tuesday night, at a gala dinner that formed part of ...
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Advisors now more dependent on social mediaPublished: Thu, 29 Oct 20 Advisors now more dependent on social media
“Amid the coronavirus pandemic, financial advisors are flocking to social media in order to maintain contact with clients and prospects and to stay abreast of developments in their industry,” according to research released ...
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International Survey maps the future of home and motor insurancePublished: Thu, 29 Oct 20 International Survey maps the future of home and motor insurance
A recent Deloitte survey aimed at discovering what customers want, and how COVID-19 has shifted their needs, highlighted that customers favour simplicity. This was the primary finding of a survey of 8 000 customers ...
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What will Finance Minister Tito Mboweni's 2020 Medium Term budget offer?Published: Thu, 22 Oct 20 South Africa's economic recovery plan
The plan is aimed at fast-tracking the recovery of the economy from the devastation caused by the COVID-19 pandemic. It outlines government's plan to revive the economy with short and long-term interventions. If the plan is executed as presented, it is expected to ...
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It's all about Software-as-a-Service (SaaS)Published: Thu, 22 Oct 20 What is SaaS eCommerce?
SaaS stands for Software-as-a-Service, is a software licensing and delivery model in which software is licensed to a user, it’s a way of delivering services which can be accessed via the internet.
SaaS applications run on a provider’s servers; eCommerce platforms allow ...
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Introducing Insure Cloud, your SaaS short term insurance platformPublished: Thu, 22 Oct 20 Stepping into the market
During the pandemic COVID-19 many industries along with the insurance sector experienced a time of uncertainty followed by a sudden change and growth in technological and digital space. The heavy reliance on web-based tools and services for our day-to-day interactions; proved ...
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