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03 Aug 2022
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Deloitte Insurance Industry Regulatory and Actuarial Update

August 2022

Deloitte Insurance Industry Regulatory and Actuarial Update
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Our Actuarial & Insurance Solutions (AIS) team is pleased to present you with our insurance industry update. In this update, we share key insights and thought provoking discussions on the below topical issues in our industry today. Included in the publication is:

  • A summary of the updated Audit requirements as well as the annualSuccession Planning (‘flavour of the year’) note published by the Prudential Authority earlier this year
  • An update on the Implementation of Cross Sectoral Conduct of Business Return published by the FSCA
  • Interesting reads about IFRS 17 external audit readiness, climate risk considerations and the future of small business insurance
  • Access to the latest, information packed, Africa Insurance Outlook for 2022 compiled by the Deloitte Africa team.

We hope you find this update useful and look forward to sharing more valuable insights with you over the remainder of the year. Please do not hesitate to get in touch with our team.

 

Key contacts

Jaco van der Merwe

Deloitte - South Africa
Jaco is a qualified Actuary and Head of the Short Term Insurance practice for Deloitte Southern Africa. His core focus is working with short-term insurers and applies his trade to a wider field of clients that include motor warranty and service funds, telecoms providers, government bodies and local regulators. He further leads efforts in advanced analytical modelling and ERM within the insurance industry.
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Crystal Ham

Deloitte - South Africa
Crystal is a Senior Manager in Deloitte Actuarial & Insurance Solutions based in Johannesburg with over 8 years of experience. Over the last 8 years Crystal has performed review and first line work for a wide variety of both local and international short-term insurers. Particularly, she has expertise in Head of Actuarial Function and Statutory Actuary reviews, regulatory reporting (SAM) and financial reporting (IFRS) reviews, capital optimisation reviews, reinsurance adequacy as well as model validations (EC Model reviews) and implementations.
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