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RISKAFRICA Magazine - - CONTENTS - Andy Mark Andy Mark - pub­lisher

En­joy the read. It’s hard to be­lieve that this is the penul­ti­mate is­sue of RISKAFRICA in 2012. The year has flown by at break­neck speed and has cer­tainly been an event­ful one for the African in­sur­ance in­dus­try. In this is­sue we throw a spot­light on the South­ern African In­sur­ance In­dus­try Con­fer­ence that took place in Botswana in Au­gust. The con­fer­ence was the first of its kind on the con­ti­nent and saw del­e­gates from the SADC re­gion and Europe de­scend on Gaborone. Feed­back has been pos­i­tive and it’s en­cour­ag­ing to see so many in­di­vid­u­als and or­gan­i­sa­tions tak­ing own­er­ship of the fu­ture of in­sur­ance in Africa.

This month’s fea­ture ar­ti­cle on Namibia’s re­tire­ment fund in­dus­try was writ­ten af­ter we re­ceived e-mails from in­dus­try com­men­ta­tors that raised some se­ri­ous con­cerns and dif­fi­cult ques­tions about the sec­tor. As the FIM Bill’s im­ple­men­ta­tion draws near, it seems that many have grown dis­il­lu­sioned with the pro­tec­tion of­fered to mem­bers of re­tire­ment funds in our coun­try. This has been high­lighted re­cently by the on­go­ing court case in­volv­ing a prom­i­nent re­tire­ment fund and fund ad­min­is­tra­tor.

In an un­cer­tain world, the pro­tec­tion and pro­vi­sion of­fered by in­sur­ers for un­fore­seen events and fu­ture re­al­i­ties is in­valu­able. The in­tegrity of this should be fiercely pro­tected and we look for­ward to bring­ing you more on this story as new de­vel­op­ments un­fold. If you’d like to share your thoughts on the mat­ter, please e-mail edi­tor@comms.co.za.

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