WHAT WE OFFER

WHAT WE OFFER

Our independent actuarial approach to benefits design aims to assist employers structure every aspect of their employee benefits value proposition. We utilise data to design, implement and monitor the efficacy of our client EBVP.

This strategic delivery, married with our geographic footprint and investment in fintech, means we are able to design and implement scalable solutions to any size employer and monitor the performance of the arrangements.

A key differentiator in ASI’s Advisory Platform is that we integrate the retirement fund, risk benefits, medical scheme and wellness offering a single management platform to over 800 000 beneficiaries.

The expertise and diverse capabilities of the ASI team ensure that we deliver consistently while offering unique, innovative solutions, with a clear business focus unlocking value for our clients and their employees.

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actuarial
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OUR SERVICES

Healthcare Advisory

healthcare-icon

We offer a range of tailor-made independent advisory services that address the medical scheme, health and wellness needs of our clients. Our approach to the health and wellbeing of companies is simple – we strive to provide practical and highly effective solutions that complement our clients’ prerequisites and our business.

Our healthcare advisory solutions include:

  • Medical scheme advice
  • Industry and legislative updates
  • Market analysis
  • Absenteeism and Productivity loss analysis
  • Wellness management programmes
  • Employee Assistance and Employee Wellness Programmes
  • Health Insurance – eg GAP cover
  • HIV/AIDS management programmes
  • Expatriation cover and international travel cover
  • Occupational health and primary care
  • Feasibility assessments for onsite gyms and onsite clinics
  • Post Retirement Medical Aid Liability valuations

Retirement Fund Advisory

retirement-fund

We offer unbiased and expert advice on all aspects of retirement funding planning for the employer, trustees/management committee and existing members of retirement funds. As the world changes, planning for the future is paramount. This is why we provide ongoing financial advice on benefit structures that are tailored to the needs of the members, including a full demographic and risk analysis of the membership, and the suitability of the benefit design.

Our retirement fund advisory services include the following:

  • Benefit design and implementation
  • Strategic advice on fund structure
  • Administrative services
  • Service provider Service Level Agreement implementation
  • Service provider compliance monitoring
  • Independent service provider reviews
  • Actuarial analysis
  • Investment Policy Statement Review and Design
  • Risk benefit reviews
  • Member communication strategy design and implementation
  • Secretarial services
  • Rule amendments
  • Industry reviews
  • Legislative, compliance and governance requirements
  • Investment benchmarking and appropriateness mapping
  • Annual sustainability review of funds
  • Trustee management and education
  • Sec13B administrator reviews
  • Asset manager assessment
  • Replacement ratio calculations
  • Surplus apportionment valuations
  • Market reviews

Retirement Fund Advisory

retirement-fund

We offer unbiased and expert advice on all aspects of retirement funding planning for the employer, trustees/management committee and existing members of retirement funds. As the world changes, planning for the future is paramount. This is why we provide ongoing financial advice on benefit structures that are tailored to the needs of the members, including a full demographic and risk analysis of the membership, and the suitability of the benefit design.

Our retirement fund advisory services include the following:

  • Benefit design and implementation
  • Strategic advice on fund structure
  • Administrative services
  • Service provider Service Level Agreement implementation
  • Service provider compliance monitoring
  • Independent service provider reviews
  • Actuarial analysis
  • Investment Policy Statement Review and Design
  • Risk benefit reviews
  • Member communication strategy design and implementation
  • Secretarial services
  • Rule amendments
  • Industry reviews
  • Legislative, compliance and governance requirements
  • Investment benchmarking and appropriateness mapping
  • Annual sustainability review of funds
  • Trustee management and education
  • Sec13B administrator reviews
  • Asset manager assessment
  • Replacement ratio calculations
  • Surplus apportionment valuations
  • Market reviews

Insurance Advisory

short-term

ASI Short-term Insurance is a level 1 B-BBEE independent insurance brokerage with 314 years of industry and technical expertise. Our nationwide risk advisors ensure that our clients commercial and personal insurance needs are comprehensively met through tailored solutions. ASI together with our binder agreements across a network of over 40 insurers enables us to effectively process and settle your claims swiftly and conveniently, resulting in a shorter turnaround time. We negotiate preferential rates with all our providers based on your risk assessment to ensure a cost-effective and customised insurance cover for you.

Personal Short-term Insurance:

As your personal risk advisor, ASI’s comprehensive personal insurance offering is customisable based on your risk profile, and personal lifecycle needs. We offer independent, comprehensive risk analysis and assessment, management, payment solutions as well as Value Added Products. We handle all policy amendments, quoting, claims registration and handling in-house, therefore giving us the ability to offer the quickest turn-around times possible.

Get Personal Insurance cover for:

  • Motor Vehicles
  • Buildings
  • House Contents
  • All Risk
  • Personal Liability
  • Personal Cyber Cover
  • Lifestyle Products

Commercial Short-term Insurance:

ASI’s comprehensive Commercial Insurance offering is modelled on a bespoke group policy design to suit your business needs. Part of our commitment to you, our client, is a penalty-based Service Level Agreement (SLA), offering bespoke advisory services for all of your organisation’s personnel, asset and liability needs. ASI works on a transparent yearly advisory service fee including in-house claims settlement up to R250, 000 as well as policy administration.

Get Commercial Insurance cover for:

  • Physical Assets
  • Accidents
  • Theft
  • Work Related Cover
  • Motor and Fleet
  • Specialist Product Insurance

Administration House for Brokers:

ASI as an Administration House for brokers services brokerages nationwide, managing all administration, claims and credit in house, as well as counterparty default risk on behalf of the broker. We manage and facilitate third party recoveries, appointing of attorneys, and ensure the allocation of monetary funds due to brokers. As part of servicing brokers, we manage negotiations as well as cover acceptance on their behalf with a turnaround time of less than 24 hours.

Claims:

Our in-house registration solutions, together with our binder agreements over a network of over 40 insurers, enables us to effectively process and settle claims swiftly and conveniently.

Administration:

We manage all administration including broker portfolios, ensuring the prevention of an increase in broker premiums.

Underwriting:

We assess and confirm quotes within a 24-hour turnaround time as well as issue policies and debit order runs.

Group Risk Advisory

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Group Risk Benefits are designed to protect and insure employees and their families in the event of long-term illness or death, while working for an organisation. Alongside a Pension/Provident Fund, Group Risk benefits including Life Insurance, Income Protection and Dread Disease cover are the backbone of the overall employee benefits package. ASI adopts client centric strategies to address a client’s risk profile and needs.

We assist employers with the structuring of the following benefits:

  • Benefit design and implementation
  • Funeral benefits
  • Group Life cover
  • Income protection
  • Disability and Dread Disease cover
  • Beneficiary/spouse pension
  • Credit Guarantee Cover
  • Temporary disability cover

Group Risk Advisory

group-risk

Group Risk Benefits are designed to protect and insure employees and their families in the event of long-term illness or death, while working for an organisation. Alongside a Pension/Provident Fund, Group Risk benefits including Life Insurance, Income Protection and Dread Disease cover are the backbone of the overall employee benefits package. ASI adopts client centric strategies to address a client’s risk profile and needs.

We assist employers with the structuring of the following benefits:

  • Benefit design and implementation
  • Funeral benefits
  • Group Life cover
  • Income protection
  • Disability and Dread Disease cover
  • Beneficiary/spouse pension
  • Credit Guarantee Cover
  • Temporary disability cover

Actuarial Advisory

actuarial

From liability reduction, scheme reviews to benefit richness modelling, we are able to offer our clients a range of specialist and innovative employee benefit, risk and healthcare actuarial advisory services.

Our services include:

  • Independent retirement and group risk reviews
  • Post-retirement liability valuation (IAS19 and ASC715/FAS106)
  • Funding assessments
  • Liability reduction
  • Liability outsourcing/buyout strategies
  • Scheme reviews
  • Benefit richness modelling
  • Restricted medical scheme feasibility assessments
  • Medical scheme amalgamations and liquidation assessments
  • Long service award valuations (IAS19)
  • Governance and compliance audits
  • Defined benefit fund liability valuations
  • Funding requirement valuations
  • Liability outsourcing/buyout strategies
  • Investment analysis (Regulation 28)

Wellness Advisory

wellness

Designing a Corporate Wellness Programme is the key objective of ASI’s Healthcare Business Integrator. The most crucial step of designing a holistic corporate wellness offering involves gaining an intimate understanding of the unique demographics and business goals of our clients. By working with employers, ASI is able to holistically assess what health and wellness service interventions are required to deliver an improved Employee Value Proposition (‘EVP’).

Our consulting approach comprises of obtaining an understanding of each provider/intervention which currently forms part of the client’s existing EVP. This assessment includes but is not limited to the following:

  • Designing a wellness strategy
  • Driving wellness interventions
  • The objective for which each intervention was introduced to achieve
  • Health and Wellness outcomes and efficacy of each intervention
  • The Wellness ROI which each intervention has achieved
  • Obtaining a clinical understanding of the duplication of services on offer
  • An actuarial assessment of where occupational health, disease management and managed-care providers would be able to work in cohesion

Wellness Advisory

wellness

Designing a Corporate Wellness Programme is the key objective of ASI’s Healthcare Business Integrator. The most crucial step of designing a holistic corporate wellness offering involves gaining an intimate understanding of the unique demographics and business goals of our clients. By working with employers, ASI is able to holistically assess what health and wellness service interventions are required to deliver an improved Employee Value Proposition (‘EVP’).

Our consulting approach comprises of obtaining an understanding of each provider/intervention which currently forms part of the client’s existing EVP. This assessment includes but is not limited to the following:

  • Designing a wellness strategy
  • Driving wellness interventions
  • The objective for which each intervention was introduced to achieve
  • Health and Wellness outcomes and efficacy of each intervention
  • The Wellness ROI which each intervention has achieved
  • Obtaining a clinical understanding of the duplication of services on offer
  • An actuarial assessment of where occupational health, disease management and managed-care providers would be able to work in cohesion