No imbalances could be identified in the insurance sector during the last quarter of 2010, the Financial Stability Review (FSR) of the SA Reserve Bank (SARB) released Wednesday reported. The document takes account of economic and financial sector developments in the second half of 2010.
The FSR did however note that the local insurance industry faced several financial and administrative challenges in 2010 including the introduction of the Solvency Assessment and Management (SAM) system.
The FSR did however note that the local insurance industry faced several financial and administrative challenges in 2010 including the introduction of the Solvency Assessment and Management (SAM) system.
