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Transparency and oversight of broker incentive practices in South African insurance law
Mini Dissertation (LLM (Insurance Law and Governance))--University of Pretoria, 2024.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2025
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| _version_ | 1867613633314291712 |
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| access_status_str | Open Access |
| author2 | Ncube, Princess |
| author_browse | Ncube, Princess |
| author_facet | Ncube, Princess |
| collection | Thesis |
| dc_rights_str_mv | © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Mini Dissertation (LLM (Insurance Law and Governance))--University of Pretoria, 2024. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/101081 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:39:14.996Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2025 |
| publishDateRange | 2025 |
| publishDateSort | 2025 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/101081 Transparency and oversight of broker incentive practices in South African insurance law Ncube, Princess sbmhlambi@gmail.com Grove, Niek Mhlambi, Sbongile Manana Bernardette UCTD Sustainable Development Goals (SDGs) Transparency Financial services provider Broker Compensation Market integrity Mini Dissertation (LLM (Insurance Law and Governance))--University of Pretoria, 2024. This research investigated the crucial concerns regarding broker remuneration practices, focusing on the transparency and oversight mechanisms governing these practices in the South African insurance sector. The central function of brokers in the relationship between consumers and insurers positions them to espouse consumer trust and actuate market efficiency. Despite this, the intricate nature of insurance products and services and the potential conflicts of interest attributable to wide-ranging compensation schemes and loopholes for exploitation have spurred concern from stakeholders in the insurance industry. The research contextualises broker remuneration schemes within the broader financial system and illuminates the various methods of compensation and incentivisation. The study investigated the main themes and challenges inherent to broker remuneration, such as a discord of interests and the ramifications for market integrity. An empirical analysis of data on remuneration structures is conducted using qualitative research methods, incorporating a literature review, theoretical framework, and a conceptual framework approach. The research findings expose anomalies in transparency, consistency, and legality of remuneration structures, undermining consumer confidence in the market. Variations in regulatory oversight are identified, and the discrepancies that could lead to unethical conduct and market abuse are highlighted. In conclusion, this research proposes a framework for enhancing regulatory oversight of remuneration methods for brokers. It also advocates for uniform disclosure requirements, innovative regulatory compliance strategies, and the assumption of best practices across the insurance sector. Mercantile Law LLM (Insurance Law and Governance) Unrestricted Faculty of Laws None 2025-02-20T09:01:49Z 2025-02-20T09:01:49Z 2025-04 2024-12 Mini Dissertation * A2025 http://hdl.handle.net/2263/101081 Diclaimer letter en © 2023 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Sustainable Development Goals (SDGs) Transparency Financial services provider Broker Compensation Market integrity Transparency and oversight of broker incentive practices in South African insurance law |
| title | Transparency and oversight of broker incentive practices in South African insurance law |
| title_full | Transparency and oversight of broker incentive practices in South African insurance law |
| title_fullStr | Transparency and oversight of broker incentive practices in South African insurance law |
| title_full_unstemmed | Transparency and oversight of broker incentive practices in South African insurance law |
| title_short | Transparency and oversight of broker incentive practices in South African insurance law |
| title_sort | transparency and oversight of broker incentive practices in south african insurance law |
| topic | UCTD Sustainable Development Goals (SDGs) Transparency Financial services provider Broker Compensation Market integrity |
| url | http://hdl.handle.net/2263/101081 |