Ibiliti Advanced Search
"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 The Promotion of Access to Information Act was promulgated in March 2001. The Act was put in place in order to actively promote a sociaty in which the people of South Africa have effective access to information which enables them to more fully excercise and protect their rights."DOWNLOAD | PDF
The image and reputation of the industry has become increasingly important. 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. In addition, in a new age of consumerism, consumers have quite rightly set high standards for service and value for money and are quick to exercise their rights when they feel aggrieved.
Treating customers fairly has become a great focus point, especially in recent times. The recent (and ongoing) economic crisis emphasised again the risks involved for consumers and other participants in the financial services arena, and 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. All new binder arrangements entered into after the 1st of January 2012 needs to comply immediately. All other existing arrangements concluded before 1st of January 2012 must be aligned within a period of one year (no later than the 1st of January 2013).
The reason the binder regulations has been introduced is because Insurer binder functions must complay with both Directive 159 (effective 1st April 2012) and Binder Regulations (These two regulations must be read together). It applies to all aspects of insurance business (except for intermediary services)
Accountability of the Insurer (Insurer remains responsible) Responsible for outsourcing Governance (should facilitate the insurer's compliance with STIA / LTIA) Avoid conflict of interest - Where a non-mandated intermediary is a binder holder.