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Life assurance industry returns to pre-Covid solvency levels

The life assurance industry dished out R599-billion last year, boasting a solvency buffer twice the Prudential Authority's requirement. ....

South Africa , South African , Gareth Friedlander , Prudential Authority , Risk Board Committee , Asisa Life , Share Index , Disability Insurance Gap Study , Funeral Policies Investments Life Assurance Savings ,

Life insurers pay out R287bn, but there's concern about policy lapses

Life insurers pay out R287bn, but there's concern about policy lapses
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Cash-strapped consumers cashing out on life savings

Asisa released its long-term insurance statistics, showing that one million more recurring premium policies lapsed during the course of 2022, compared with 2021. In ....

South Africa , South African , Africa Asisa , Risk Board Committee , Association For Savings , Investment South Africa , Asisa Life ,

SA life insurers flush after death claims fall in 2022

The decline of 26% in death claims last year is one of the reasons South African life insurers have emerged well-capitalised post-2022, despite a tough operating environment. ....

South Africa , South African , Iain Williamson , Victor Mpunga , Africa Asisa , Risk Board Committee , Association For Savings , Investment South Africa , Capital Legacy , Old Mutual Wealth Private Client Securities , Daily Maverick , Asisa Life , Association For Savings And Investment South Africa Covid Pandemic Death Claims Life Insurers Momentum Metropolitan Neesa Moodley Old Mutual Sanlam ,

Cash-strapped consumers cashing out on life savings to survive: Asisa

In total, 8.4 million recurring premium policies lapsed in 2022 – one million more than in 2021 ....

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