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ASISA

@asisa_za

ASISA is the Association for Savings and Investment South Africa

 Cape Town and Johannesburg
asisa.org.za
Joined March 2013
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  • Followers2K
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The 4th @asisa_za Industry Transformation Report was published today, titled “Driving Inclusive Growth through Sustainable Transformation”. The report provides members with a yardstick against which to measure progress. Please download the report here: tinyurl.com/5n77ybzw
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Life insurers settled 95.6% of all death claims in 2024 tinyurl.com/42arcmxv @asisa_za
Image from FAnews Online (@FAnews_Online)
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#Life and #funeralpolicy payouts reach R39.5bn in 2024. SA #lifeinsurers settled 95.6% of #deathclaims last year, with most declines due to #fraud, #misrepresentation, #exclusions or #lapsedcover, @DieVisser writes. #Insurance @asisa_za citywire.com/za/news/life-an…
Life and funeral policy payouts reach R39.5bn in 2024

Life and funeral policy payouts reach R39.5bn in 2024

South African life insurers settled 95.6% of death claims last year, with most declines due to fraud, misrepresentation, exclusions or lapsed cover.

citywire.com
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Life insurance members of @asisa_za settled 95.6% of death claims received in 2024, paying beneficiaries of life and funeral policies R39.5 billion in benefits. tinyurl.com/kv42nz4y
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The 2024 @asisa_za Forensic Standing Committee stats show that ASISA members prevented fraud & dishonesty worth R1.4bn, but incurred losses of at least R131.6m. Losses represent 0.02% of the R639bn in honest claims paid in 2024, the highest ever. tinyurl.com/3wrrjab7
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Mahesh Cooper is the new chair of @asisa_za. The #AllanGray COO replaces outgoing @OldMutualLtd CEO Iain Williamson at #Asisa's helm. #CompanyNews #FinanceNews citywire.com/za/news/allan-g…
Allan Gray chief operating officer elected as Asisa’s new chairman

Allan Gray chief operating officer elected as Asisa’s new chairman

Mahesh Cooper will take over from Iain Williamson, the outgoing Old Mutual chief executive, whose resignation will become effective 1 June.

citywire.com
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We welcome Mahesh Cooper, Chief Operating Officer of Allan Gray, as the new Chairman of the ASISA Board of Directors. He has been a member of the ASISA Board since July 2022 and has served as Deputy Chairman since June 2024. tinyurl.com/3wrrjab7
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Despite a turbulent start to the year for SA investors, the local Collective Investment Schemes industry concluded the first quarter of 2025 with assets under management just shy of R4 trillion and the strongest net quarterly inflows in several years. tinyurl.com/3wrrjab7
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Policyholders & beneficiaries received R578bn from SA life insurers in 2022, the 2nd highest paid in a year. Payments included claims against life, disability, critical illness & income protection policies, & retirement annuity & endowment policy benefits.🧵
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Last year, life insurers paid 501 785 death claims, 26% lower than in 2021 but 24% higher than in 2019. asisa.org.za/media-releases/🧵
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Life insurers held assets of R3.7tn end 2022, while liabilities amounted to R3.4tn - both the same as at the end of 2021. This left the industry with almost double the capital required by the Solvency Capital Requirements (SCR).
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Local CIS industry reports net inflows of R21bn for Q2, bringing total net inflows for the year ended June 2022 to R110bn. Despite the healthy inflows, AUM dropped just below the R3trn threshold achieved in Q4 2021 due to extreme stock market volatility. tinyurl.com/yj23kkdx
A first for the savings & investment industry, @asisa_za released insights into the transformation progress by its members. The Report indicates steady progress towards achieving the targets of the Amended FSC, but also shows that more needs to be done. tinyurl.com/2uwe54k5
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The Report shows that in 2020 life offices & asset managers exceeded most of the targets for elements measured by the Amended FSC Scorecard. Targets were not met for the following elements: management control, employment equity and skills development. tinyurl.com/mry6ce6m
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Life offices and asset managers recorded the most significant progress for the ownership element of the B-BBEE Scorecard, which measures the extent to which Black people own equity in a company. Substantial progress was also achieved for procurement and ESD.
Policyholders, beneficiaries, investors & heirs were united with unclaimed assets worth R22.7bn last year. @asisa_za members will honour valid claims on unclaimed policy benefits & investment proceeds no matter how long it takes to trace the owners. tinyurl.com/27z745kn
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Speaking at the inaugural @Moneyweb Better Investor Conference, Busisa Jiya, CEO of @Asisa_za, reminded consumers that the first step towards wealth creation is discipline to create a surplus that can be invested. "And then it’s not about when you invest, but for how long."
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We would like to welcome Anton Pillay as the new Chairman of the ASISA Board of Directors. Anton is the CEO of Coronation Fund Managers and has been a member of the ASISA Board of Directors since February 2013.
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The @asisa_za Board is pleased to announce the appointment of Busisa Jiya as CEO of ASISA, effective from 1 February 2022. Busisa takes over from Leon Campher, who will be retiring later this year following a handover period. tinyurl.com/ybhew42e
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This marks the end of the 2nd @asisa_za Foundation Financial Literacy and Micro-Enterprise (FLAME 2.0) Programme, which has been successfully delivered over 24 months in Philippi, near Cape Town, King Williams Town in the Eastern Cape, and Diepsloot, Gauteng.
Nonceba (@Nonceba_Q) profile pictureNonceba@Nonceba_Q12 Nov 2021
Excited to be here at the @asisa_za Foundation and Driven Advisory’s FLAME Programme close out event. Hearing the stories of each of the entrepreneurs is truly heart warming. Welldone to the team!!
Image from Nonceba (@Nonceba_Q)
Image from Nonceba (@Nonceba_Q)
Image from Nonceba (@Nonceba_Q)
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