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"Ibiliti Underwriting has the responsibility to facilitate, store and archive certain documentation, records and other forms of information for specific periods."DOWNLOAD | PDF
"This policy sets out the general rules for the use of Ibiliti Underwriting Managers e-mail system, including electronic notice-boards hosted thereon, together with specific protocols and guidance concerning the Data Protection implications."DOWNLOAD | PDF
"What is PAIA? It is the Promotion of Access to Information Act which was promulgated in March 2001. The Act was put in place in order to actively promote a society in which the people of South Africa have effective access to information which enables them to fully excercise and protect their rights."DOWNLOAD | PDF
It is a well-known fact that the insurance industry has a challenge with regards to its image and reputation in the eyes of many consumers, and within areas of government, the regulator, and the media. Consumers have quite rightly set high standards for service and value for money and are quick to exercise their rights when they feel aggrieved.
The recent (and ongoing) economic crisis emphasises the risks involved for consumers and other participants in the financial services arena, the necessity for measures to ensure that individuals, companies and other entities follow rules that will result in a fair deal for consumers and a stable operating environment for product providers.
The binder regulations became effective 1st January 2012.
The reason the binder regulations has been introduced is because Insurer binder functions must comply with both Directive 159 (effective 1st April 2012) and the Binder Regulations (These two regulations must be read together). It applies to all aspects of insurance business (except for intermediary services)
The Insurer remains accountable and responsible for outsourcing Governance to avoid conflict of interest.