South Africa: Insurance licence conversion update

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By David Kirk | 14 May 2019
The Prudential Authority has adopted a phased approach to implementing the new Insurance Act, 2017. This includes the process to convert licences under the Long-term Insurance Act and Short-term Insurance Act to licences under the new Insurance Act, 2017 within a two-year period. All licences are expected to be converted by 31 July 2020.


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