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Why the world needs IFRS 17 Insurance Contracts

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Changes to the International Financial Reporting Standards (IFRS) are aimed at avoiding another global financial crisis. This is in response to the backlash against IFRS 17 Insurance Contracts from critics in the insurance industry.

Rand-backed cryptocurrency in the form of a stablecoin?

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Cryptocurrencies, such as Bitcoin and Ethereum, have become well known for their volatile value. In contrast to this, 'stablecoins' are cryptocurrencies that have been specifically designed to have a stable value.

CYBERCRIME – IS YOUR BUSINESS PROPERLY COVERED?

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Simeon Tassev | Director | Galix Networking | http://www.galix.com/ | simeon@galix.com | According to the 2016 PwC Global Economic Crime Survey, 32% of South African organisations have...

Technology is transforming the insurance industry

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The insurance industry has been characterised as traditionalist and conservative - an industry that is slow to change with limited consumer reach. Technology innovations...

Liability claims – when to notify?

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Typically, an insurance policy stipulates that notice of a claim must be given as soon as possible or within the time limit stipulated by the policy. While this may seem simple enough with a straight-forward assets policy, liability insurance is markedly different.

COVID-19 and business interruption – are you covered?

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The out-break of Covid-19, which originated in China and has since spread to most of the world, is one of the most serious threats to public health in recent times and has now been designated as a pandemic by the World Health Organisation.

Awakening the economy from COVID-induced coma

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President Cyril Ramaphosa presented the five-level, risk-adjusted strategy that will guide South Africa’s emergence from lockdown. As the finer points of the strategy were shared, it became clearer how - and when - certain sectors will once again gear up into activity.

CONNECTING THE ALWAYS-MOBILE BANK

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As a mobile-centric hub, Africa has the capability to approach banking in a whole new manner. In fact, today very few Africans have access...

COID claims do not need to be painful

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Claiming from the Compensation for Occupational Injuries and Diseases fund (COID) for workplace injuries is viewed by many business owners as a needlessly difficult and time-consuming process.

FAIS – fit and proper compliance a business imperative

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The Financial Advisory and Intermediary Services Act (FAIS) is designed to create a professional code of conduct with specific outcomes and measurements which Financial Services Providers (FSPs) must comply with. 

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