Posted on 3 Aug 2021
Recent events highlight that business sustainability also entails being prepared for times of crisis and the ease of implementing a business continuity plan to continue operations. The week of 9 to 17 July 2021 is being called South Africa’s darkest hour, even in the midst of the devastating effects of Covid-19. Looting and destruction of … Continued
Posted on 3 Aug 2021
The Ombudsman for Long-term Insurance and the Ombudsman for Short-term Insurance (OSTI) recently published its first combined Annual Report. The Annual Report 2020 includes, among others, complaints statistics and key figures, complaints trends, as well as explanatory notes and insurer statistics. The report also includes case studies from recent industry incidents, which focus on among … Continued
Posted on 3 Aug 2021
The Financial Sector Conduct Authority (FSCA) recently published FSCA Communication 12 of 2021 which provides guidance to FSPs and Representatives on the use of electronic signatures and pre-populated documents. With many working remotely due to the COVID-19 pandemic and resultant lockdown regulations, there has been an increased use of electronic signatures. It has come to the … Continued
Posted on 3 Aug 2021
The Financial Sector Conduct Authority (FSCA) recently published a press release, titled Statement on SASRIA SOC Limited insurance claims, noting the civil unrest, riots and looting that have been happening in various parts of the country. The FSCA has been in discussions with SASRIA Soc Limited (SASRIA), which is the only non-life insurer that provides … Continued
Posted on 3 Aug 2021
SASRIA has recently published a guideline to assist with settling claims due to the KwaZulu-Natal and Gauteng protests and looting that took place during 9 to 19 July 2021. Click here to read the Guideline for settlement of SASRIA claims
Posted on 3 Aug 2021
Ensure contact details are updated FSPs are reminded to check that all their information and contact details on the FSCA’s website is up-to-date and correct. Levies due by FSPs will be calculated based on the information available to the FSCA as at 31 August 2021. Where such information or contact details require updating, FSPs should … Continued
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