Johannesburg - The Insurance Sector Training Authority (INSETA) says it has finalised the draft design of the occupational qualification for the generic components of the Financial Services Representative. It has stated that the generic core…
Johannesburg - The South African Insurance Association (SAIA) has announced that it has completed the exercise of its member comments collation and has made its submissions to the National Treasury with regards the Proposed Demarcation Regulations…
Johannesburg - Although not verifiable, the term operational risk apparently first appeared after the infamous bankruptcy of Barings bank in 1995. This event drove a spike in between the seemingly concrete theory that market and credit risk…
Johannesburg - A new learnership programme developed by the Insurance Sector Education and Training Authority (INSETA) targeted at the often neglected SMME sector may soon see an encouraging increase in the number of skilled and FAIS compliant…
Johannesburg - The International Accounting Standards Board (IASB) predominantly discussed matters pertinent to short-term insurers during the February board meeting. Most South African short-term insurers will be satisfied with where the IASB…
Johannesburg - Over the past four months, the International Accounting Standards Board (IASB)and the Financial Accounting Service Board(FASB)have had many debates on the measurement of short duration contracts. This is primarily driven by the…
Johannesburg - STRIDE (the Short Term Industry Data Exchange) has announced that it has been officially launched as a company. Arnold van der Linde, the non-executive chair of the newly formed Board of STRIDE says the industry, meaning the South…
Johannesburg - The Corporate Governance Task Group has compiled a massive 123 page Discussion Document to assist the Financial Services Board (FSB) in its development of the subordinate legislation regarding Governance. The document, Discussion…
Insurance Biz is a New Africa Busines News Services (NABNS) publication launched in 2013 to focus on the insurance industry, investments, financial planning, employee benefits etc. It remains a great resource of news for industry professionals, and for those who seek to learn about the financial sector developments.
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