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The PMR Africa Business Excellence Awards Ceremony recognises excellence across all business sectors through a culmination of thorough industry research. The process involves companies and institutions who are rated based on respondents’ perceptions, with a strong focus on evaluating and measuring customer service and satisfaction. PMR.Africa wants to acknowledge [...]

At the end of 2017, the Financial Sector Conduct Authority (previously the Financial Services Board) gazetted various pieces of legislation as a result of the Retail Distribution Review and Twin Peaks regulation. This new legislation will have a significant impact on the industry as a whole and more specifically, [...]

In 2017, we advised you of our acquisition of FPA Underwriting Managers (Pty) Ltd. During the past 12 months we have attended to the integration of FPA into our business and we now are pleased to announce the change of corporate branding. What does this [...]

When it comes to White Collar Crime, the Insurance industry is exposed on two fronts: as both victim and as protector. Insurers lose billions to bogus claims, potentially fueling fraudsters if unreported. They also offer many corporate clients their first form of defense against fraudulent activities and theft by [...]

Clients who insure through CIB are conducting business with one of the best performing brands in the South African short term insurance industry. A recent analysis of the Ombudsman for Short Term Insurance (OSTI) 2016 Annual report confirms CIB would have featured in the top quartile of insurers – [...]

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The Minister of Finance announced an increase in the Value-added tax (VAT) rate in his budget speech on 21 February 2018. The standard rate of VAT will change from 14% to 15% with effect from 1 April 2018. Short-term insurance premiums are subject to VAT therefore VAT inclusive Sums [...]