The new FSB Solvency Assessment and Management regime (SAM)

The Financial Services Board (FSB) is developing a new solvency regime for the South African long-term and short-term insurance industries to align the South African insurance industry with international standards. SAM will be based on Solvency II that is being implemented for European insurers, but it will be adapted to South African circumstances. Their explanatory information letters and other material appear under the Insurance section on their website www.fsb.co.za