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The management team at CIB has taken a number of client-focused decisions regarding motor premium, renewals, underwriting engagement and risk management to compensate for the extraordinary circumstances in which we find ourselves due to the global coronavirus outbreak.
Medical scheme trustees cannot take a business as usual approach during the COVID-19 pandemic. Boards should be giving thought to the value of their reserves and whether using such reserves would be of benefit to members. At a minimum, trustees need to understand the options available to them when considering using scheme reserves
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?