Widespread confusion of claim assessments persists
Widespread confusion of claim assessments persists

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Moonstone Monitor | 1 April 2021
IN THIS WEEK'S ISSUE
From the Crow's Nest
Your Practice Made Perfect
TransUnion's Industry Insights Report - Impact of pandemic still very real on consumer credit market
FIC guidance on risks related to geographical areas
Easter Weekend - Stay safe on (and off?) the roads
Technologically Speaking
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Contact our CEO Gary Mockler, gmockler@gtc.co.za as to how GTC can assist in growing your business.

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FROM THE CROW'S NEST
Progress report on claims processing under Business Interruption Insurance
Feedback from policyholders affected by the drawn-out saga around business interruption as a result of the Covid-19 pandemic, indicates that there is widespread confusion and dissatisfaction about how the quantum of the claims are being assessed. There also appears to be a common thread between what is happening here and in the UK.
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Fit and Proper Manager
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YOUR PRACTICE MADE PERFECT
TransUnion's Industry Insights Report - Impact of pandemic still very real on consumer credit market
TransUnion released the findings of its fourth-quarter 2020 South Africa Industry Insights Report that looks at the unemployment period as a result of the Covid-19 pandemic, as well as at what the consumer credit market looks like right now.
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Go 4 Broker
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YOUR PRACTICE MADE PERFECT
FIC guidance on risks related to geographical areas
The Financial Intelligence Centre has issued Public Compliance Communication 49 that provides guidance on certain money laundering, terrorist financing and proliferation financing risk considerations and provides suggested resources that may be consulted.
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YOUR PRACTICE MADE PERFECT
Easter Weekend - Stay safe on (and off?) the roads
With the Easter weekend upon us, we can expect higher traffic volumes. The Automobile Association of South Africa (AA) shares tips for road users.
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TECHNOLOGICALLY SPEAKING
Five mistakes financial advisors make on social media and ways to avoid them
As a financial advisor, it is key that you utilise social media as a part of your overall marketing strategy. However, success in the social media space does not happen overnight. While it’s great to increase your sales efforts, there are a few common mistakes which can be avoided.
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CAREERS PLATFORM
Featured Positions
Claims Position: Cooke Fuller Group, Kloof, Kwazulu Natal. The ideal candidate for this position should be an experienced, assertive individual with strong administration and good interpersonal skills. Requirements include a minimum of 5 years' experience in Commercial and Personal claims; Must be FAIS qualified in both commercial and personal lines with the necessary Regulatory Exams already completed..
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FAIS Compliance Officer: Moonstone Compliance. Moonstone Compliance is looking for an approved Compliance Officer. Duties will include risk identification and management, strategic and operational commentary, monitoring and administrative support functions to mitigate the risk of non-compliance with legislation and regulations. A non-negotiable requirement for this position is being an approved Category I Compliance Officer with the Financial Sector Conduct Authority with no supervision requirements.
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Wealth Managers: GTC national offices. GTC, one of South Africa’s leading advisory practices (formerly Grant Thornton Capital), has several vacancies for wealth managers. As a consequence of the counselling requirements of Section 36 of the Pension Funds Act, GTC is required to provide financial advice to numerous members on an ongoing basis. GTC seeks wealth managers to fulfil this advisory role. These positions are in each of the GTC offices around the country and accommodate financial planners with varying degrees of experience and expertise.
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Commercial Accounts Executive: Constellation Financial Services, Johannesburg. We are a young, dynamic, independent short-term insurance brokerage based in Johannesburg looking for experienced commercial sales professionals. If you are passionate, hardworking, and driven to succeed, you’re just what we are looking for. We require a minimum of 5 years short-term commercial insurance experience with 2 years commercial insurance sales and marketing experience.
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POPIA Specialist: Moonstone Compliance, Stellenbosch. We have a position for a POPIA Specialist. The successful candidate will be appointed as a specialist regarding regulatory compliance and risk management as it pertains to the POPI Act. They will be responsible for the development of a POPIA regulatory compliance service offering, and the building and maintenance of our POPIA client base.
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IN LIGHTER WYN
With a twinkle in the eye
An Emperor asked the old Zen master, “What happens to an enlightened man after death?”

The master replied, “I would not know.”

“But you are a Zen Master!” exclaimed the shocked Emperor.

“Not a dead one!” quipped the old man.

 


Two old friends met for dinner.

"How's that husband of yours? Is he still unemployed?"

"No, no, not anymore."

"Oh well some good news at least. What does he do now?"

"Now he meditates."

"Meditates! What's that?"

"I'm not sure, but it's better than sitting around doing nothing."

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