DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xdtqtx/governance_risk)
has announced the addition of the "Governance, Risk and Compliance - The South African Insurance Industry" report to their offering. 'Governance, Risk and Compliance - The South African Insurance Industry' report is the result of extensive research into the insurance regulatory framework in South Africa. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operations of insurance and reinsurance companies and intermediaries. The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country. Summary: The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in South Africa, including: An overview of the insurance regulatory framework in South Africa. The latest key changes and changes expected in South African insurance regulatory framework. Key regulations and market practices related to different types of insurance product in the country. Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in South Africa . Key Highlights: The South African insurance industry is supervised and regulated by the FSB. The placement of non-admitted insurance is permitted only with an approval from the FSB, provided no other insurer is providing such insurance at equitable terms. The key classes of compulsory insurance include motor third-party liability insurance, aviation third-party liability insurance and public liability insurance. Key Topics Covered: 1 Introduction 2 Governance, Risk and Compliance 3 Appendix Companies Mentioned Life Insurance Ltd Absa Life Ltd AIG Life South Africa Ltd Clientele Life Assurance Company Ltd King Price Insurance Company Ltd Clientele General Insurance Ltd Absa Insurance Company Ltd. African Reinsurance Corporation (SA) Ltd General Reinsurance Africa Ltd RGS Reinsurance Company For more information visit http://www.researchandmarkets.com/research/xdtqtx/governance_risk Funeral plans are affordable way to cover the costs of a dignified burial, and provide peace of mind for your loved ones during times of grief.
Just like many other types of insurance, funeral insurance exists to protect people against unmanageable expenses during stressful and traumatic times. Just as youd take out life, disability or income insurance to protect your family, so should you take out funeral cover, thus ensuring continued financial security for you or your loved ones during lifes trying times. Today, the cost of a funeral can amount to many thousands of rands. Should you or a member of your immediate family die, the expense of a funeral can add to an already heavy burden. Thankfully, a range of funeral plans have been created to address the significant financial demands of a funeral demands that may otherwise be placed on your or your loved ones shoulders. Below, different types of funeral plans in South Africa are outlined. Explore these options to find the one that will best meet your burial cover requirements. Funeral plans are necessary and affordable, and by applying for one, you can spare your loved ones from additional worry and strife. Types of funeral plans in South Africa The type of funeral cover you choose will depend on your stage of life and your budget. As a single person or an adult without dependents, an individual funeral plan will provide sufficient burial cover. Should you die, the funeral plan will be paid out to your beneficiary and will cover the costs of your burial or any other expenses that your beneficiary sees fit. Some individual funeral plans enable policyholders to cover their partners or spouses at a small additional cost. For those with dependents, a family funeral plan is recommended. This type of plan enables policyholders to cover themselves, their partner and their children up to five children in some cases. Family funeral plans also offer the option of providing burial cover for parents, parents-in-law or step-parents, as well as additional children, all at a nominal additional cost. Cover for children usually lasts until the age of 21, but may be extended under certain circumstances for example, if the child is a full-time student, or if she/he is mentally or physically impaired. Bear in mind that funeral cover for family members ends upon their death or upon the death of the policyholder whichever is earlier. For pensioners, it is possible to obtain specific funeral plans for seniors. These policies are affordable as they are tailored to the budgetary limitations often experienced by pensioners. Moreover, they can usually provide cover for both the policyholder and their partner or spouse. Pensioners funeral plans offer a cost-effective way for seniors to ensure that a dignified burial is possible, and that the expense of a funeral wont fall onto the shoulders of grieving family members. Choosing the right funeral policy Perusing funeral plans and selecting the one that is most suitable for you or your family may seem like a macabre thing to do. However, the fact is that it shows forethought and responsible financial planning particularly in those with dependents. Having a funeral plan in place means that, after death, all the unpleasant financial details are taken care of while your family is given time to heal. This is invaluable during a crisis, offering your family relief and peace of mind at this difficult time. The last thing you want to do is saddle them with unmanageable bills. By planning for the inevitable, you can ensure that you or your family are able to grieve and comfort one another, rather than fret about bills and payments. Explore the range of funeral plans available in South Africa, and youll find one that best matches your budget and your requirements. Best of all, once youve got funeral cover in place, you can put it out of your mind and focus on more important things. Story highlightsA government paper proposing universal health coverage is due for release84% of South Africans do not have health insurancePilot schemes in 10 districts across the country are testing the viability of government proposals
The problems are manifold, the solutions never easy, but South Africa is on the brink of overhauling its health care system -- and it's a plan 70 years in the making. Universal health coverage in on the horizon, and would bring free at the point of delivery health care to a country blighted by the unequal provision of services. Dismissed by certain parties as a pipe dream and looked upon with suspicion by others, the plan has been fraught with difficulties. But with the imminent release of a government white paper outlining a new National Health Insurance (NHI) scheme, there is new hope for millions that they will now be able to access far greater primary health care. 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But for many medical professionals and politicians within the country, the disparity between the services available is problematic. "The distribution of money between the private and public sectors is very similar to the U.S.," says Professor Diane McIntyre, founding director of the Health Economics Unit at the University of Cape Town. "Utterly unaffordable" is the way she describes the private sectors of both countries. In South Africa, private medical schemes offer first class facilities and quality of care, whilst public hospitals, though offering free child and antenatal care, are understaffed and underfunded. More than half of general practitioners engage in private work, says McIntyre. For specialists, the figure is closer to 70%. Like the U.S., "it's very much two systems running in parallel," says Daygan Eagar, program manager at the Rural Health Advocacy Project. He warns that "we don't want to go where the U.S. is going." Policies such as President Obama's Affordable Care Act "don't undo the 'for profit' elements that make health care so expensive and access so difficult for people." Instead, South Africa is going down a different route -- one entirely of its own making. South Africa's health system by numbers. (Sources: South African National Treasury, Finmark Trust, World Health Organization, South African Department of Health. Graphic by Aaron Darveniza) False starts and missed opportunities Universal health coverage has long been an aspiration for South Africa. Dreamt up by politicians in the 1940s, scuppered by apartheid and failing to fly in the Mandela years, it has a long narrative of false starts and squandered chances. In 1945 the Gluckman Report proposed a version of a nationalized health service, one that Eagar argues "informed" the creation of Britain's NHS in 1948. However the rise of the National Party -- and with it apartheid -- precluded its full implementation, and progressive initiatives were almost immediately rolled back, with health care services segregated along racial lines. When Nelson Mandela became president in 1994 "we missed an opportunity," says Eagar. Health was at the forefront of ANC policies in the lead up to the election, but despite strong social cohesion and the desire for progressive policies, universal health care failed to materialize. Then in 2011 the emergence of a government green paper sparked the debate back in to life. The green paper, a preliminary government report intended to provoke discussion, outlined a National Health Insurance Fund ("a misnomer" according to McIntyre -- "it's more like a tax"), opened up the possibility of financing a complete overhaul of the health system. More radical that Obama's Affordable Care Act -- which has "done amazing things in that context," McIntyre notes -- the paper proposed a means of providing universal health care, drastically improving the primary care available at public health facilities. It's transition to a white paper -- a more formal, government written report and the next step towards becoming legislation -- seemed inevitable, the demand immediate, but instead it remains in a long and painful gestation period of over four years. Now, it could finally be about to emerge. A health service for everyone McIntyre, despite her role as part of the Ministerial Advisory Committee, is unsure as to the exact publication date of the document, but speculates it could be "within the next couple of months." The release has been imminent for some time according to the Department of Health, but recent reports from a briefing of parliament's Committee on Health suggest it has been finalized and the cabinet process underway. At the same briefing, held August 21, Minister of Health Aaron Motsoaledi outlined plans to extend 10 NHI pilot districts in the 2015/16 financial year, using grants "to encourage doctors from the private sector to work in public clinics." According to most parties, the proposal has fought against a particularly strong current, mainly created by the global economic downturn. Despite strong political support, financing the project remains an ongoing concern in the roll out of the NHI scheme. This manifests itself in cautiously optimistic statements from government bodies. According to the Western Cape Department of Health, "any proposals that are affordable and make for more efficient and effective use of resources must be welcomed, but have to be contextualized within its broader implications for the health system." The underlying message is clear: with an estimated cost of $18.3 billion to implement, the public health care system cannot afford the NHI scheme to fail. Moreover, there's a sense of frustration from provincial departments, kept in the dark regarding decision making within the national Department of Health. In a statement to CNN, Western Cape authorities "look forward to" clarification of "the role of provinces and districts within the NHI to enable the Department to better respond to this policy position." Conflict of ideology Confusion and hearsay aside, there are factors the white paper is powerless to combat. "There's a perception that the NHI would be giving people a free ride," says Eagar, compounding the view held by a portion of the affluent community that "a small percentage of the population working and paying tax is supporting the rest of the population." There needs to be an ideological shift, he argues. "People aren't willing to jump in and accept that universal health care is an important basic right that must be realized... it's absolutely vital if this country is to move forward." McIntyre believes certain elements of the preliminary proposal will be watered down before they make it into policy, and thinks private sector lobbying may be involved. Not that private medical bodies would be entirely shut out by any policy change. There are substantial contracts to be won and she argues "there will be plenty of opportunities to participate in the NHI." Despite all sides registering caveats to their arguments, there is genuine belief that once the document is released, universal health coverage could soon take flight. "If there's political will," McIntyre says, "it can be done." ;/* videodemanddust is a default feature of the injector */CNN.INJECTOR.scriptComplete('videodemanddust');Learning from Obamacare
Health care is a $29 billion dollar industry in South Africa, accounting for 8.5% of the country's GDP -- a figure expected to rise. But for many medical professionals and politicians within the country, the disparity between the services available is problematic. "The distribution of money between the private and public sectors is very similar to the U.S.," says Professor Diane McIntyre, founding director of the Health Economics Unit at the University of Cape Town. "Utterly unaffordable" is the way she describes the private sectors of both countries. In South Africa, private medical schemes offer first class facilities and quality of care, whilst public hospitals, though offering free child and antenatal care, are understaffed and underfunded. More than half of general practitioners engage in private work, says McIntyre. For specialists, the figure is closer to 70%. Like the U.S., "it's very much two systems running in parallel," says Daygan Eagar, program manager at the Rural Health Advocacy Project. He warns that "we don't want to go where the U.S. is going." Policies such as President Obama's Affordable Care Act "don't undo the 'for profit' elements that make health care so expensive and access so difficult for people." Instead, South Africa is going down a different route -- one entirely of its own making. South Africa's health system by numbers. (Sources: South African National Treasury, Finmark Trust, World Health Organization, South African Department of Health. Graphic by Aaron Darveniza) False starts and missed opportunities Universal health coverage has long been an aspiration for South Africa. Dreamt up by politicians in the 1940s, scuppered by apartheid and failing to fly in the Mandela years, it has a long narrative of false starts and squandered chances. In 1945 the Gluckman Report proposed a version of a nationalized health service, one that Eagar argues "informed" the creation of Britain's NHS in 1948. However the rise of the National Party -- and with it apartheid -- precluded its full implementation, and progressive initiatives were almost immediately rolled back, with health care services segregated along racial lines. When Nelson Mandela became president in 1994 "we missed an opportunity," says Eagar. Health was at the forefront of ANC policies in the lead up to the election, but despite strong social cohesion and the desire for progressive policies, universal health care failed to materialize. Then in 2011 the emergence of a government green paper sparked the debate back in to life. The green paper, a preliminary government report intended to provoke discussion, outlined a National Health Insurance Fund ("a misnomer" according to McIntyre -- "it's more like a tax"), opened up the possibility of financing a complete overhaul of the health system. More radical that Obama's Affordable Care Act -- which has "done amazing things in that context," McIntyre notes -- the paper proposed a means of providing universal health care, drastically improving the primary care available at public health facilities. It's transition to a white paper -- a more formal, government written report and the next step towards becoming legislation -- seemed inevitable, the demand immediate, but instead it remains in a long and painful gestation period of over four years. Now, it could finally be about to emerge. A health service for everyone McIntyre, despite her role as part of the Ministerial Advisory Committee, is unsure as to the exact publication date of the document, but speculates it could be "within the next couple of months." The release has been imminent for some time according to the Department of Health, but recent reports from a briefing of parliament's Committee on Health suggest it has been finalized and the cabinet process underway. At the same briefing, held August 21, Minister of Health Aaron Motsoaledi outlined plans to extend 10 NHI pilot districts in the 2015/16 financial year, using grants "to encourage doctors from the private sector to work in public clinics." According to most parties, the proposal has fought against a particularly strong current, mainly created by the global economic downturn. Despite strong political support, financing the project remains an ongoing concern in the roll out of the NHI scheme. This manifests itself in cautiously optimistic statements from government bodies. According to the Western Cape Department of Health, "any proposals that are affordable and make for more efficient and effective use of resources must be welcomed, but have to be contextualized within its broader implications for the health system." The underlying message is clear: with an estimated cost of $18.3 billion to implement, the public health care system cannot afford the NHI scheme to fail. Moreover, there's a sense of frustration from provincial departments, kept in the dark regarding decision making within the national Department of Health. In a statement to CNN, Western Cape authorities "look forward to" clarification of "the role of provinces and districts within the NHI to enable the Department to better respond to this policy position." Conflict of ideology Confusion and hearsay aside, there are factors the white paper is powerless to combat. "There's a perception that the NHI would be giving people a free ride," says Eagar, compounding the view held by a portion of the affluent community that "a small percentage of the population working and paying tax is supporting the rest of the population." There needs to be an ideological shift, he argues. "People aren't willing to jump in and accept that universal health care is an important basic right that must be realized... it's absolutely vital if this country is to move forward." McIntyre believes certain elements of the preliminary proposal will be watered down before they make it into policy, and thinks private sector lobbying may be involved. Not that private medical bodies would be entirely shut out by any policy change. There are substantial contracts to be won and she argues "there will be plenty of opportunities to participate in the NHI." Despite all sides registering caveats to their arguments, there is genuine belief that once the document is released, universal health coverage could soon take flight. "If there's political will," McIntyre says, "it can be done." DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xdtqtx/governance_risk)
has announced the addition of the "Governance, Risk and Compliance - The South African Insurance Industry" report to their offering. 'Governance, Risk and Compliance - The South African Insurance Industry' report is the result of extensive research into the insurance regulatory framework in South Africa. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operations of insurance and reinsurance companies and intermediaries. The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country. Summary: The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in South Africa, including: An overview of the insurance regulatory framework in South Africa. The latest key changes and changes expected in South African insurance regulatory framework. Key regulations and market practices related to different types of insurance product in the country. Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in South Africa . Key Highlights: The South African insurance industry is supervised and regulated by the FSB. The placement of non-admitted insurance is permitted only with an approval from the FSB, provided no other insurer is providing such insurance at equitable terms. The key classes of compulsory insurance include motor third-party liability insurance, aviation third-party liability insurance and public liability insurance. Key Topics Covered: 1 Introduction 2 Governance, Risk and Compliance 3 Appendix Companies Mentioned Life Insurance Ltd Absa Life Ltd AIG Life South Africa Ltd Clientele Life Assurance Company Ltd King Price Insurance Company Ltd Clientele General Insurance Ltd Absa Insurance Company Ltd. African Reinsurance Corporation (SA) Ltd General Reinsurance Africa Ltd RGS Reinsurance Company For more information visit http://www.researchandmarkets.com/research/xdtqtx/governance_risk You have paid off some major debts with low interest rate debt consolidation loans and you are relieved to be able to avoid bankruptcy. You are sleeping better at night knowing the debt collectors are being kept at bay. The last thing you should do is to go out shopping.
Change your spending habits To successfully repay the debt, your spending habits have to change. It requires some dedication and discipline on your side. The first expense to take a hard look at is your monthly food bill. Dining out, fast meals and luxury food are easily replaced with healthy home cooked meals. Veggie soups to keep the family healthy are always a winner. Fuel and vehicle running expenses are being kept low when you plan trips or join a lift club to get to work. Tyre pressure, wheel balancing and alignment play an important role when you want to cut down on fuel expenses. Get new car insurance quotes and use the savings towards the repayment of your debt consolidation loans. Expenditure on birthday and Christmas gifts need to be revised as well. When you give a gift with love the receiver will appreciate it even with an inexpensive gift. It's the idea that counts, not the price. Work with a budget The following may seem unpractical or even old fashioned. When I started with a career early in my twenties, I used to budget for every item. I worked with the "envelope system". There were separate envelopes for each expense milk, bread, milk, veggies, fuel and fruit. When I needed something I would take the budgeted amount from the specific items' envelope. I never overspent nor did I buy anything impulsive. This meant I had to keep up to date with living expenses. Do you know how much you pay for bread or milk? At the end of the month I would take the money I saved and put it into a savings account used for unexpected expenses. You can follow the same system to pay off your debt consolidation loans sooner. Expenses to watch out for Internet access and bandwidth is extremely expensive in South Africa. Mobile devices to connect to the internet can escalate out of control if you don't keep your eye on it. Telephone landline -, electricity -, water - and cell phone expenses need close monitoring too. Do some research to see how you can save on these monthly expenses. Be disciplined with the implementation and stick with your plan. When you are dedicated to get rid of your debt it makes sense to make sacrifices. The more you pay each month, the sooner you will enjoy financial freedom and your debt consolidation loans will become something of the past. http://www.articlebiz.com/article/496454-1-how-debt-consolidation-loans-influence-your-financial-iq/ |
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