There were high expectations after the formation of the VBA over three years ago, and while it was hoped this new authority would consider, aspire and strive, instead it has failed to listen and consider - a fact which now questions its very survival.

The VBA’s revolving door of key personnel adds to its inability to function credibly as a regulatory authority simply because the personnel lack the technical prowess to understand the industry needs and requirements. In all organisations, there must be balance. Furthermore, the insurance industry appears to have significant sway in…