Following the national disaster declaration made by the President of South Africa, Mr Cyril Ramaphosa, on 15 March 2020 around the spread of the coronavirus, the South African Insurance Association (SAIA) has decided to postpone the SAIA Breakfast Session which was to be held on 19 March to a later date in May 2020. Should the restrictions still be in place at that time, we will reassess the event and inform the industry accordingly.
SAIA is very much concerned about the health and safety of all South Africans and in line with the President’s announcement which prohibits gatherings of more than 100 people made a decision to abide by and enforce this recommendation (and others) with immediate effect.
For those of you who would like to be refunded for the SAIA Breakfast Session at this time, please send your requests to CorporateAffairs@saia.co.za and we will attend to it promptly.
We wish our members, partners, friends, colleagues and broader stakeholders a healthy immediate future until the risk of exposure passes. Please take care.
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An investment portfolio set up by an insurer in which the investment returns are smoothed over time. Investment returns are distributed via a bonus declared yearly by the insurer. In good years, some of the returns are held back as reserves that are used to supplement returns in bad years.