AssociationsHot news

A new promotion at SAIA

SAIA has recently announced the promotion of Lelo Ntshalintshali as the General Manager, in charge of the Stakeholder Relations and Communications portfolio. Lelo is not a newcomer to the SAIA, having joined the association in October 2011 as Stakeholder Relations Manager. She was also responsible for the continued implementation of the short-term insurance industry’s consumer education initiative, which is run by the SAIA on behalf of its members.

News from the PFA office

Each month the Office of the Pension Funds Adjudicator sends out detailed reports of their activities during the month. Here are two reports COVER missed in May and June. Pension Funds Adjudicator, Muvhango Lukhaimane, recently made rulings in the following cases: “The non-payment of death benefits continues to plague the Office of the Pension Funds Adjudicator” and “PFA slams pension fund for disregarding rules”.

SAIA elects a new board

SAIA members attending the 2014 Annual General Meeting on 25 June signed a Code of Conduct to reaffirm their commitment to strengthen and promote a vibrant short-term insurance industry, characterised by financial soundness, efficiency and value proposition which is both fair to its customers and our future customers. During the AGM new board members were elected. Themba Gamedze will continue as Chairman of the SAIA Board.

Grade 9s should think twice before dropping Maths

Mike McDougall, CEO of the Actuarial Society, says thousands of Grade 9 learners will be expected to finalise their subject choices for Grade 10 to 12 in the third term. “With the mid-year examinations fresh in their memories, many will be tempted to drop Maths as a subject in the hope of making their work load a little lighter for the rest of their school careers.”
AssociationsHot news

FPI: ‘Growth through Innovation’

The annual FPI Convention has been running for over a decade. The 2014 Professionals Convention themed, ‘Growth through Innovation’, will be opened by Michael Jordaan, former FNB CEO, and programme directed by award-winning financial journalist, Bruce Whitfield. Keynote sessions from industry experts will cover a variety of financial planning topics and includes practical workshops with a wide range of informative panel discussions.
AssociationsHot news

Seventh annual ILASA Conference

The Institute for Loss Adjusters of Southern Africa seventh annual Conference, held on 22 May, covered topics including corrosion and cures of pipes, Fidelity Guarantee insurance, Professional Indemnity for loss adjusters and brokers, electronic equipment losses, POPI for loss adjusters, principal controlled policies, and mitigating fire and water damage, followed by a cocktail evening.
AssociationsHot newsLong-term

Life industry honours death benefit claims

This is the second time that the Association for Savings and Investment South Africa (ASISA) has released annual consolidated death benefit claims statistics for fully underwritten life policies. Statistics were collated for the first time in 2012 with the aim of evaluating the rate at which claims are paid and declined. In 2012 life companies paid 99% of claims to a value of R6,8 billion.