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The South African Insurance Industry Survey 2016 | 3
Antoinette Malherbe Introduction
Director and Editor, Insurance Survey 2016
Financial Services
Tel: +27 83 458 8484 It is with great pleasure and pride that the 2016 KPMG Allocation Approach – try to read this article first thing in
Email: antoinette.malherbe@kpmg.co.za Insurance Survey is unveiled. In this edition, we were the morning with a strong cup of coffee. It is also time to
determined to match the spirit of innovation, which has face your IFRS 9 fears – our IFRS 9 article does an impact
Gerdus Dixon been embraced by the local insurance industry during analysis for the insurance industry.
the year.
Director, If blockchain is keeping you up at night, and you don’t
National Head of Insurance We have included 14 pieces of thought leadership that know where to spend your Bitcoins, we might have some
Tel: +27 82 492 8786 specifically focus on various aspects touching the industry. answers for you. Have you ever considered while pacing up
Email: gerdus.dixon@kpmg.co.za Our connectivity with the market has ensured that the and down what actually happens to the information on your
thought leadership that we share in this issue is topical, Fitbit and who has access to it? Then take a breather and
interesting, inspiring and most importantly, what you want enjoy the article on this topic.
to read. Whether you are interested in business, regulatory,
tax or accounting topics – we have it covered in this edition. As always, we have included and analysed the financial
results for the year gone by for the short-term insurance,
Our regulatory topics this year focus on aspects around long-term insurance and reinsurance industries.
SAM, RDR and the ORSA. We explore the benefits of SAM
for the industry, we evaluate some global insights around We have made every effort to ensure that the content in
the ORSA and we discuss the changing face of financial this publication is fresh, relevant and thought provoking.
advice. We trust that you will find this publication insightful and
we invite you to contact us should you require any additional
On the accounting side, we explore the impact of IFRS 4 information or assistance.
Phase 2 by ways of a detailed example using the Premium
