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Press Archive »

Nobuhle Nkosi appointed AGCS Africa Head of Liability and Financial Lines

Published: Thu, 20 Jun 19

...
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FSCA releases Guidance Notice on retirement funds sustainability of investments and assets

Published: Thu, 20 Jun 19

On 14 June 2019, the FSCA released a guidance notice on the sustainability of investments and assets in the context of a retirement fund’s investment policy statement. This notice is to provide guidance to boards of retirement funds on how to comply with parts of Regulation 28 (Reg 28) under the Pension Funds ...
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Morocco: payment delays are improving but remain too long

Published: Thu, 20 Jun 19

Coface's fourth survey on payment terms in Morocco shows a situation that remains worrying despite a slight improvement. Coface presents its fourth survey on the payment behavior of companies in Morocco. Carried out at the beginning of 2019, this survey aims to monitor the evolution of payment terms ...
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Natural gas: an oscillation between boom and gloom

Published: Thu, 20 Jun 19

The natural gas market is booming and will increase in the medium term, but many factors point to a less promising future. Until recently, natural gas was acclaimed as the "cleanest" of fossil fuels and all indicators point to an increase in demand and production. However, the market is evolving ...
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Allianz Africa COO appointed President of the AIO

Published: Thu, 13 Jun 19

Delphine Traore Maidou Allianz Africa COO       Johannesburg, June 12, 2019 – Allianz Africa announced the appointment of Allianz Africa Chief Operations Officer (COO), Delphine Traoré, as President ...
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Allianz partners with the AIO at their 46th annual conference

Published: Tue, 11 Jun 19

Over a 1000 delegates from over 60 countries will be present at one of the largest insurance gatherings The theme of the conference is Insurance penetration in Africa: “Insuring the uninsured”. Allianz to continue increasing insurance coverage for individuals and businesses in Africa ...
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Guidance note on requirements for Continuous Professional Development (CPD)

Published: Fri, 07 Jun 19

Guidance note on requirements for Continuous Professional Development (CPD) The Financial Sector Conduct Authority (FSCA) has released a guidance note on regarding the compliance with the continuous professional development (“CPD”) requirements for Financial Services Providers (FSPs), key individuals ...
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AGCS Offers Response Services in Environmental Emergencies for Policyholders

Published: Thu, 06 Jun 19

AGCS partners with GM Consultant and HETI to provide an effective response to pollution and contamination incidents Global vendor network provides seamless response, including 24/7 crisis hotline and intervention in 30 countries across Europe, Asia and North/South America Crisis management services are becoming ...
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Allianz: Shipping losses lowest this century, but incident numbers remain high

Published: Thu, 06 Jun 19

Safety and Shipping Review 2019: 46 large ships lost worldwide in 2018, down by a record 50% annually and 55% below the 10-year average of 104. Total losses significantly fell in accident hotspots such as South East Asia. Machinery damage is the major cause, responsible for US $1bn worth of marine insurance industry ...
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Associated Compliance Newsletter 070 - May 2019

Published: Thu, 06 Jun 19

May 2019 - Associated Compliance Newsletter From AC CPD June 2019 to May 2020 Just when you thought it was safe to take your foot of the CPD pedal, and for some that pedal was flat to the floor during May, you are already in. From AC HAS The legalisation of cannabis for private use has ...
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GETTING BOARD APPOINTMENTS WRONG WITH DEVASTATING CONSEQUENCES FOR THE ORGANISATION

Published: Tue, 04 Jun 19

The recent resignations of the CEOs of Eskom and South African Airways have again focussed the spotlight on board performance and effectiveness. Inevitably, the critical question arises: why are these CEOs really leaving? In considering the answer to this question one must include a review of ...
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BOARDS THAT PLAY THE INFINITE GAME

Published: Mon, 27 May 19

Visionary leaders do not underestimate the power of the Corporate Governance Framework® in driving organisational culture. These leaders appreciate the importance of a governance framework in nurturing sustainability by driving values-based decision-making to “play the long game”. Vision To build ...
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LEVERAGING THE ORGANISATION’S MEMORANDUM OF INCORPORATION TO IMPROVE ITS RISK MANAGEMENT AND SUSTAINABILITY

Published: Mon, 29 Apr 19

An experienced board member will fully appreciate the various mechanisms contained within the organisation’s Memorandum of Incorporation (‘MOI’) that can be altered to best suit the environment within which the company operates. More often than not, the MOI is trivialized as simply a ‘founding ...
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‘HURTFUL, OFFENSIVE AND DISTURBING SPEECH’ MAY LEND ITSELF TO UNINTENDED AND SEVERE CONSEQUENCES FOR SOCIAL COHESION IN SOUTH AFRICA

Published: Thu, 11 Apr 19

We all know that hate speech and free speech are entirely different concepts, yet in South Africa what you can and cannot say as a responsible citizen or public figure remains a divisive issue. Vicki Momberg, Adam Catzevelos, Penny Sparrow, Kessie Nair, Velaphi Kumalo, Julius Malema, Edward Zuma and Andile Mngxitama ...
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AMENDMENTS TO THE COMPETITION ACT MAY FURTHER CURTAIL FOREIGN INVESTMENT APPETITE

Published: Mon, 04 Mar 19

The South African Competition Amendment Act 18 of 2018 (‘the Amendment Act’) which was tabled in Parliament in July 2018, and signed into law by President Ramaphosa last month, has been the subject of much debate and comment, especially insofar as it aims to implement far-reaching changes to the current ...
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IS WHISTLEBLOWING LEGISLATION AS EFFECTIVE IN PRACTICE AS IT IS ON PAPER?

Published: Wed, 16 Jan 19

Theory and practice can be worlds apart, and unsurprisingly, in the realm of morality and ethics, the divide between the two is often clearly pronounced. While it may be easy for employees to claim that they would without question report any observations of fraud, corruption, or other impropriety being perpetrated ...
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Fast-changing Arctic and North Atlantic conditions bring route risks

Published: Mon, 03 Sep 18

Climate change is impacting ice hazards for shipping, freeing up new trade routes in some areas, while increasing the risk of ice in others. More information on the Safety and Shipping Review 2018.   There was another milestone for Arctic shipping in early 2018 when a specially-designed LNG tanker became ...
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Damage arising from marijuana operations not covered by policy (US)

Published: Mon, 03 Sep 18

  Sandra Sithole, Director Norton Rose Fulbright South Africa Inc.     A US appeals court in August 2018 found that an insurer does not have to indemnify its insured for damage to a warehouse by tenants who converted it into a marijuana growing operation, finding that an exclusion ...
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Associated Compliance Newsletter 068 – August 2018

Published: Fri, 31 Aug 18

The August 2018 Associated Compliance Newsletter has been published in the Insurance Gateway® Knowledge Base. The compliance landscape has become increasingly time consuming and complex to navigate. It will therefore be well worth your time to read the latest edition of the Associated Compliance newsletter, which ...
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SAIA Consumer Education initiative recognised as ‘best practice’

Published: Fri, 31 Aug 18

Johannesburg: In its latest infographic on “The importance of financial education in promoting financial inclusion”, the Belgium based Global Federation of Insurance Associations (GFIA) commended the South African Insurance Association (SAIA)’s long-standing consumer education programme, as the “best ...
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Limits policy:

The restriction of the liability assumed by the carrier under the policy to a specified amount or amounts also called limit of liability.
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