Peter Veal

Peter VealPeter began his career in 1966 as a junior in a large London based international financial services organisation and was transferred to South Africa in 1970. During the next 20 years, his career was broad based, including strategic management, technical development and underwriting management, all at board level.

Under the auspices of his consultancy company established in 1992, he has set up captive insurance companies on and off shore, established a number of underwriting management companies on behalf of shareholders and has consulted at top level to various financial institutions.

He was awarded his Fellowship of the CII in 1984, having won the Institute prize for “best” exam results and was one of the first to be appointed to Chartered status. His Fellowship of the IISA followed quickly thereafter.

He was a founder member of the Society of Fellows in South Africa and in 1992 published a Society of Fellows study document, entitled “Insurance for the emerging market in a new South Africa” This was used extensively by the industry at the time, and is still used as a reference today. He is well known for some of his controversial views which have been published in a number of magazines and newsletters.

He was elected to the Board of the Compliance Institute during 2009 and served a two year term, and has acted as an education consultant to the Institute of Loss Adjusters since 2007.

Following the passing of the FAIS Act, Peter registered as a compliance officer with the Financial Services Board and was appointed Managing Director of Intelligent Compliance and Education (Pty) Ltd in in 2007, which merged with Pretium Services Ltd in 2013.

Peter is today still acting as consultant compliance officer to a number of the larger financial institutions in South Africa, and also acts as correspondent and South African representative to Veal Global Limited.