South African insurers are hard pressed to keep up with new laws, rules and regulations. There were, for example, 454 new Acts, bills, regulations, codes, circulars, directives and standards applicable to the sector in 2010 alone! Over the past year the focus has been on matching insurance business practices with the requirements of the Consumer [...]
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It has come to FMI’s attention that Momentum circulated an article implying that there is uncertainty in the manner in which FMI assess permanent disability claims under the ‘Own Occupation’ definition. The article suggests that FMI will terminate a permanent income claim once the claimant is able to return to their own or any suited [...]
It is a known fact that South Africa as an emerging market is affected by the current volatile global economic situation. Financial experts agree that the role of financial intermediaries has never been more significant, as individuals rely increasingly more on Financial Advisers to protect their income against volatile markets. This presents challenges but also [...]
Marius van Wyk, an independent adviser from Western Cape, has been one of FMI’s top performers. He has more than 13 years of experience in the insurance industry and has seen the growing number of clients who realise the benefits of especially temporary income protection. How do clients react when you bring up the topic [...]
The SME Growth Index, the first and largest study of its kind in South Africa, has been released at the end of November and reveals what small businesses see as the main obstacles to business growth. Not surprisingly, inflexible labour legislation and black empowerment were some of the main frustrations small business owners highlighted in [...]
Hard work pays off for two students FMI are committed to being socially responsible and aim to make a difference where we possibly can. Just as we believe that helping you to protect your income has a positive impact on the livelihood of many, so we believe that changing one person’s future can change the [...]
The youngsters of today are the market of tomorrow. Financial Advisers building sustainable businesses will recognise the importance of tapping into this market to future-proof their practices, as their Baby Boomer clients move into retirement. But who are these youngsters and how does a Financial Adviser approach them? Capturing the business and loyalty of a [...]
With Charn Swart With 11 years of experience in the Financial Services sector, Charn is a practising CFP® at Trustsure Financial Services. Being a representative of this industry enables Charn to meet a variety of different people, particularly small business owners, who require extensive financial planning in life assurance and short term insurance. Question 1. [...]
Your client’s greatest asset is the ability to work and earn an income. The importance of protecting this asset against illness, injury or disablement, which could render the client unable to work, cannot be overstated. At FMI we are constantly looking at evolving the product solutions that we offer. We have enough experience to understand [...]
FMI acknowledge that purchasing decisions involve cost considerations by both you and your clients. With the recent enhancements made to our BPE product offering and re-rate of our Temporary Income Protector Benefit, we are matching our products with the pocket of our market place. This re-rate has resulted in extremely competitive premiums being offered on [...]