On 6 May 2025 the FSCA issued its Regulatory Strategy 2025 - 2028 which gives us some indications of when the Conduct of Financial Institutions Bill may become enacted legislation. A major focus of the FSCA over the next three years will be preparing for the implementation of the COFI Act which itself has to be enacted.

A December 2024 tax court judgment recognises that risk transfer, including the major role played by insurers, takes many forms. Courts in South Africa frequently refer to a 1967 court definition of a contract of insurance as a "contract between an insurer and an insured, whereby the insurer undertakes in return for the payment of a price or premium to render to the insured a sum of money, or its equivalent, on the happening of a specified uncertain event in which the insured has some interest".

The increasing frequency of devastating and even catastrophic events has given rise to a worldwide debate on the role of insurers in helping to manage the risks and losses of those insured or seeking insurance.