South Africa: regime change

South Africa: regime change

Table Mountain

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As the most developed economy on the continent, South Africa likes to keep up with international best practice. It was this goal that led the country’s regulator, the Financial Services Board (FSB), to announce a few years ago that it would adopt a risk-based regime for its insurers that is broadly in line with Europe’s Solvency II project. It is now one of seven jurisdictions in the latest wave of countries that the European Insurance and Occupational

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