COVER Magazine: Daily Summaries Delivered

Navigating Health Insurance with Cornel Schoeman: Exploring Medical Funding, Alternatives, and Broker Roles

From Vision to Reality: Ron Richmond Discusses Insure AI's Mission, IFOA Certification, and the Role of AI in South Africa's Insurance Industry

From Chiropractic Care to Business Innovation: Rikus Scheepers' Story - Rikus Scheepers - Accisure

CTU Insurance on the Commuter Transport Market: Taxi & Bus Pressures, Insurance Gaps, and Risk Management

Tony from Cover interviews Oscar Shabalala of CTU Insurance, an underwriting manager and Hollard’s centre of excellence for commuter transport insurance, with shareholders including Hollard, Lyrius, and Sinawo Global. Oscar explains that the taxi sector is under pressure due to tighter bank lending, reduced vehicle sales, falling passenger numbers, overtraded routes, fuel and parts cost increases, and more repossessions, leading some operators to drop insurance and self-insure. The bus sector faces similar passenger declines, rising bus prices, fuel costs comprising about 40% of operating expenses, and challenges financing fleets due to short or delayed subsidised contracts. He notes taxi insurance penetration is about 80,000 insured out of roughly 300,000 taxis, driven by affordability and understanding, while the formal bus sector is about 95–100% insured. CTU supports affordability through education, wallet-friendly covers, data-driven risk insights, and broker collaboration

The Road Ahead: Public Transport Evolution and Insurance with Mike Mgodeli

Opportunities and Challenges in the VAPS Industry: A Conversation with Danny Collins

Revving Up: Insights into Motorcycle Insurance with Cameron Clark

Future of Fiduciary Services: Insights from FISA's New CEO

FISA CEO Jan du Plessis on Assisted Decision-Making, the Regulation of Trust Bill, and Fiduciary Practice Risks. Tony from Cover interviews Jan du Plessis, CEO of FISA, about key developments and challenges in South Africa’s fiduciary space. Jan says FISA has long advocated for assisted decision-making and an enduring power of attorney, and that the Department of Justice has drafted a bill now under consideration, though details and timing are unknown. He shares a briefing on an imminent new “Regulation of Trust Bill,” highlighting proposed trustee accountability measures such as annual financial statements to the Master, mandatory reporting of trust termination, submission of deed amendments before acting, new offenses and penalties (including beneficial ownership recordkeeping and acting without letters of authority), Master-issued compliance notices and fines, additional court protections for vulnerable beneficiaries, restrictions on land reform trusts, and a risk-based approach to beneficial ownership. They discuss operational delays at the Master’s office (IT/bandwidth, backlogs, vacancies, and lack of uniformity), SARS delays (DEC letters, objections, estate duty), and banking challenges (balances at date of death, payment delays, and QR-code letters). Jan also previews FISA’s conference themed “risk and reward in fiduciary practice,” covering forensic risk, trust services liabilities, exchange control, a Constitutional Court tax case, AI in practice, life policy taxation issues, modern practice risks, and conflicts of interest.