Insurer rejects claim on the ground of contravening lockdown regulations. Are you covered?
In a recent case study, the Ombudsman for Short-Term Insurance (“Ombud”) found in favour of the insured who whilst contravening lockdown regulations was involved in a motor vehicle accident. The insured alleged that he was involved in an accident which occurred after he received his…
Do intermediaries still add value?
Our main story was on what the latest Santam Insurance Barometer has to say about the changing role of intermediaries. Andrew Coutts, Santam’s head of Intermediated Business, emphasised that intermediaries who want to stay relevant will have evolve from a product-centric to a client-centric role…
How do brokers outperform direct insurers in this risk-rife world?
A pandemic. A worldwide upward trend of natural disasters. Political factionalism and unrest. Risks for individuals and businesses are increasing by the day. In this climate, clients need to proactively prevent risk as much as they need solutions to transfer it. Intermediaries are perfectly positioned…
Proposed amendments to retirement savings rules must be intentional and specific
Vusi Maswili and Paul Mafisa of ASI Financial Services Former Minister of Finance Tito Mboweni suggested recently that workers should be able to access a portion of their retirement funds – up to one third – provided that those doing so would use that money…
A warm Hello, from ASI’s Chief Visionary Officer
Dear Fellow South African, As the country, along with the rest of the world, continues to grapple with the ripple effect of the COVID-19 pandemic, including the devastating impact it has had on every individual and business alike, I would like to take this opportunity…
Encouraging employees to vaccinate is a smart business decision – here’s why
By Vusi Maswili, director at ASI Financial Services Employers seeking to manage the costs of their group risk cover would do well to actively encourage their employees to have the COVID-19 vaccine as soon as possible, within Government’s structured rollout programme. As an independent financial…
What does the Retirement Reform mean for you and your employees?
The Taxation Law Amendment Act of 2020 was signed into law by the President on 20 January 2021. This has enacted the long-awaited legislation which provides for the same annuitisation rules that apply to members of pension funds, pension preservation funds and retirement annuity funds,…
Suspicion of Infections and Medical Scheme Coverage
At this time, South Africa has over 1,170 confirmed COVID-19, commonly known as Coronavirus, cases and the numbers are expecting to increase before they get better as we progress through the lockdown. The important thing is that we do not panic. This email answers two…
ASI’s COVID-19 Business Continuity and Lockdown Response
As your trusted advisor, we would like to reassure you of our commitment and ability to continue supporting you, your organisation, employees and their dependants during the 21-day nationwide lockdown. Due to the fear of contracting COVID-19, commonly known as Coronavirus, and rumours on how…
Confirmed case of Coronavirus reported in South Africa
Be Alert and Take Preventative Measures Dear Fellow South Africans, This morning, Thursday 5 March, the National Institute for Communicable Diseases (NICD) confirmed that a suspected case of Coronavirus (COVID-19) has tested positive. In a statement by the Minister of Health- Dr Zweli Mkhize, it…
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