MoneyMarketing

Industry News

02 Jul 2018

Changes to insurance laws come into effect

Amendments to insurance legislation aim to give more South Africans the opportunity to cover themselves and their assets and will provide for greater protection for policyholders, including a 48-hour turn-around time for funeral pay-outs. The Insurance Act, commencing on 1st July 2018, was passed by the National Council of Provinces in December. It brings with...
29 Jun 2018

Brokers say '#LongLiveHollard' with prestigious FIA Award

If anyone knows which insurers are our country’s best, it’s the brokers and financial advisers of the Financial Intermediaries Association of Southern Africa (FIA). And they’ve decided that the Hollard Insurance Company is one of the best, presenting it with the 2018 FIA Award for Short Term Insurer of the Year: Corporate at a glittering...
29 Jun 2018

Sanlam wins FIA Product Supplier of the Year Award

Sanlam has been named the 2018 Financial Intermediaries Association of Southern Africa’s (FIA) Employee Benefits Product Supplier of the Year. These awards take place to celebrate the role of advice, acknowledge the product providers who, in the opinion of the members of the FIA, have excelled over the past year in supplying exceptional products and...
29 Jun 2018

Top team to head up Old Mutual Insure's Elite Risk Acceptances

Old Mutual Insure has appointed a solid leadership team to run a new business within the group that will provide bespoke short-term insurance and personal risk management solutions to the high net worth insurance market.  Elite Risk Acceptances is a wholly owned subsidiary of Old Mutual Insure and will act as a specialist underwriter for...
29 Jun 2018

Enforcement of regulations crucial to cleaning up credit life industry

After years of perceived consumer abuse by credit providers, Treasury introduced regulatory oversight of the credit life industry in August last year. It’s a substantial industry that provides cover against the chance that a consumer owing money to a credit provider cannot pay because of scenarios like retrenchment, disability, death, and so on. People most...
29 Jun 2018

Congratulations to the winners of the 2018 FIA Awards!

Last night at a glittering dinner in Sandton, the winners of the 2018 FIA Awards were announced:  EMPLOYEE BENEFITS: Sanlam Employee Benefits  MEDICAL SCHEMES: Discovery Health  INVESTMENT PRODUCT LUMP SUM: Allan Gray  LONG TERM RISK: Old Mutual Life INVESTMENT PRODUCT SAVINGS: Allan Gray  SHORT TERM COMMERCIAL: Renasa  SHORT TERM CORPORATE: Hollard  SHORT TERM PERSONAL LINES:...
28 Jun 2018

AI – it’s investment manager with machine versus investment manager without

Risk management is a critical component in the investment management field. An investment manager views risk as volatility, or the standard deviation of investment returns. But clients more frequently interpret risk as the fear of losing money.
28 Jun 2018

An industry first for group insurance in SA

In a complex, intimidating industry like insurance, it is heartening when an innovative customer-centric solution with clear benefits for financial advisers and their clients comes along. This is what financial advisers can expect from the Smart Underwriting process Momentum Corporate recently launched, says Regard Budler, Head: Product Solutions, Momentum Corporate.
28 Jun 2018

Digging into the Roots of US Trade Tensions

While trade tensions have been making headlines for the past few months—and seem to be escalating recently—the causes have deep roots. Globalization has evolved and broadened over the past several decades, benefiting Western consumers, emerging-market manufacturers and the global economy in general. It has helped pull millions out of poverty and significantly strengthened the ranks...
28 Jun 2018

Good luck to all FIA Awards finalists!

The FIA Awards will take place this evening at the Sandton Convention Centre.  MoneyMarketing sends its best wishes to all finalists:

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