April 12, 2019

Insurance news wrap-up for the week ending 12 April 2019

At CN&CO we love to be informed about the insurance industry – with so much happening it can be easy to miss a story! So make sure you get the weekly recap of main stories from this week that you may have missed.

AIE 2019: Best. Conference. Ever.
Excitement is mounting at AIE headquarters ahead of this year’s insurance conference, with some phenomenal plans under way to ensure the organising committee delivers the best conference ever! CN&CO is proud to be part of the team organising this year’s conference on behalf of the Insurance Institute of South Africa (IISA) and the South African Insurance Association (SAIA). Read more

If you haven’t yet booked your spot for the AIE Conference, you can do so here:

COVER Magazine

  • King Price’s Natalie Graham takes the reins at IING
    Newly-appointed president of the Insurance Institute of Northern Gauteng (IING), Natalie Graham, says the South African insurance industry must focus on training, transformation and service if it’s to weather the changes buffeting the sector. Read more
  • FNB Life is now the largest provider of funeral insurance to FNB’s consumer base
    26% of all FNB Consumers have an FNB Life policy and 28% of all their Life Insurance spend goes to FNB Life, a splendid feat realised in less than four years since the business started operating in July 2015. Read more

For more news updates follow Cover on Twitter

FA news

  • Policyholder aggrieved with outcome
    In a recent determination by the Financial Advisory and Intermediary Services Ombudsman (FAIS Ombud), the complainant, Mr. Jacobus Frederik Roux, lodged a complaint against the respondent, arising from a loss incurred. Read more
  • Accountable institutions… areas where risk exists
    FAnews spoke to Nico Esterhuizen, General Manager of Insurance Risks at SAIA, about what SAIA, the FIC and SAUMA are doing in terms of money laundering and terrorism financing, how it all started and where the process is, currently. Read more

For information follow FAnews on Twitter

FIA Week@AGLANCE

  • Taking sensible precautions and being aware can help you weather any storm
    Householders and motorists should brace themselves for the possibility of storms, heavy rains and flash floods occurring across the country by taking precautions to safeguard their homes, possessions and, if possible, avoiding driving when the weather turns threatening, says Old Mutual Insure. Read more
  • Informing the Uninformed – Doctors & Patients – Communication is Key
    The Supreme Court of Appeal gave judgment in the case of Beukes v Smith ((211/2018) [2019] ZASCA 48) for a surgeon whose information to his patient was called into question. The decision really highlights the value of keeping proper written records of explanations, discussions and advice leading to the informed consent to avoid protracted legal proceedings for both doctors and patients. Read more

For information follow FIA on Twitter

Risk Africa Magazine

  • Fidelity ADT partners with Hollard for Highway Heroes
    Fidelity SecureDrive is partnering Hollard on its 2019 Highway Heroes campaign as it also concerned about the unacceptably high level of road deaths on our highways. Read more
  • COFI Bill “refreshing” – Alexander Forbes Health
    Butsi Tladi, MD of Alexander Forbes Health, says the Conduct of Financial Institutions (COFI) Bill will promote financial inclusion and transformation. Read more

For more news updates follow Risk Africa Magazine on Twitter

Insurance Thought Leadership

  • How to Successfully Insure Small Companies
    Insurers must provide elite service, efficiency and innovation that meets the high expectations of small business customers on technology. Read more
  • The inherent problem with AI
    As much promise as artificial intelligence is showing in insurance, many forms of it present a formidable challenge related to “back-traceability.” In English, that means the AI is a black box. Read more

For more news updates follow Insurance Thought Leadership on Twitter