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Protection of Investment Act 2015 assented to

12 January 2016

The President has assented to the Protection of Investment Act 2015 and the Act has been published for general information.

Avoiding a policy for innocent over-valuation

06 January 2016

Innocent over-valuation of insured property may entitle insurers to avoid a policy on grounds of material non-disclosure. There are no South African judgments on the point but an English court, dealing with a claim for a constructive loss of a super-yacht, “The Galatea“, reluctantly confirmed it was possible.

PMB coverage in medical scheme rules is a matter of public policy

06 January 2016

Medical scheme rules may have no application if they fail to fulfil statutory law. The relationship between medical schemes and their members is not only governed by the medical scheme rules but primarily by obligations imposed by statute.

Check mate: Medical scheme’s decision-making and the rights of the member

09 December 2015

Membership of a medical scheme is, more often than not, a relatively painless exercise and one that provides great benefits to members throughout the year. However, in certain cases, decision making by a medical scheme in respect of the accessibility of benefits by certain members may not prove advantageous or beneficial to members especially where that decision making process ends up in a medical scheme refusing to provide benefits to a member particularly members suffering with chronic conditions such as various forms and types of cancer.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

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