The Financial Services Board (FSB) released Board Notice 158 of 2014, which will become effective on 1 April 2015. The Board Notice introduces a corporate governance, risk management and internal control framework for South African insurers. The framework forms part of the interim measures of the FSB’s Solvency Assessment and Management (SAM) regime and it aligns the South African insurance market with the principles of Solvency II and the International Association of Insurance Supervisors (IAIS) for insurance supervision and regulation.
If you wish to discuss this document in more detail, please contact your usual PwC contact or those listed at the end of the document.
|Previous versions of SAM Focus:|
|SAM Focus 2014|
|SAM Focus 2013|
|SAM Focus 2012|
|SAM Focus 2011|
Other SAM brochures