Life insurers pay claims and benefits worth R298 billion in the first half of 2024
07 October 2024
South African life insurers paid R298 billion in claims and benefits to beneficiaries and policyholders in the first six months of 2024, according to the long-term insurance statistics released by the Association for Savings and Investment South Africa (ASISA). Payouts were for retirement annuity and endowment policy benefits, as well as claims against life, disability, critical illness and income protection policies.
Uncertainty drives CIS investors to sacrifice returns for “safety”
17 September 2024
The local Collective Investment Schemes (CIS) industry reported assets under management of R3.64 trillion at the end of the second quarter of 2024, a growth of 2% from the end of the first quarter of 2024 when assets stood at R3.57 trillion. read more
ASISA appoints a new CEO
6 September 2024
The Board of Directors of the Association for Savings and Investment South Africa (ASISA) has appointed Kaizer Moyane as CEO, effective 1 November 2024. read more
Life insurers paid close to 900 000 death claims worth R39.9 billion in 2023
23 July 2024
South African life insurers paid death and funeral benefits worth R39.9 billion in 2023 to the beneficiaries of 892 817 policies, representing a payout rate of 95.9%. read more
The two-pot retirement system–what to expect on 1 September 2024
23 July 2024
With the new two-pot retirement system taking effect in six weeks, members of retirement funds should ensure that they understand the implications of the system...read more
ASISA welcomes Old Mutual’s Iain Williamson as new Chairman
18 June 2024
The Association for Savings and Investment South Africa (ASISA) welcomes Iain Williamson as the new Chairman of the ASISA Board of Directors. read more
Expect investment opportunities punted via social media, Telegram and WhatsApp to be scams
4 June 2024
Reputable and regulated financial services providers will never sell policies or investments via a WhatsApp group, Telegram, a social media platform, email or an unsolicited random phone call... read more
Local CIS industry assets surpass R3.5 trillion for the first time
28 May 2024
The local Collective Investment Schemes (CIS) industry increased assets under management to R3.57 trillion in the first quarter of 2024 from R3.49 trillion at the end of December 2023. read more
Life insurers paid R599 billion in claims and benefits in 2023
26 March 2024
Policyholders and beneficiaries received R599 billion in 2023 from life insurers that are members of the Association for Savings and Investment South Africa (ASISA) following tragic life events like death and disability or significant life stage changes like retirement. read more
Life offices and asset managers exceed B-BBEE ownership targets, but face hurdles with employment equity targets
5 March 2024
Life offices and asset managers represented by the Association for Savings and Investment South Africa (ASISA) have made encouraging progress towards achieving the relevant transformation targets set by the Amended Financial Sector Code (FSC). read more
Local CIS portfolios grow assets under management to new record levels
5 March 2024
The local Collective Investment Schemes (CIS) industry ended 2023 with assets under management just shy of R3.5 trillion, a new record for the industry. read more
Retail investors drive net inflows into hedge funds in 2023
5 March 2024
The South African hedge fund industry attracted record net inflows of R6.24 billion in 2023 and grew its assets under management to R137.9 billion (excluding fund of funds). read more
ASISA announces appointment of acting CEO
6 February 2024
The Board of Directors of the Association for Savings and Investment South Africa (ASISA) has appointed Adrian Burke as acting CEO of ASISA. read more
ASISA announces departure of CEO
6 December 2023
The Board of Directors of the Association for Savings and Investment South Africa (ASISA) has announced that Busisa Jiya, CEO of ASISA, will be leaving by mutual agreement at the end of December 2023. read more
Fraud worth R1.1 billion prevented by life and investment companies in 2022
30 November 2023
South African life insurers and investment companies detected 8 931 cases of fraud and dishonesty in 2022. While losses worth R1.1 billion were prevented, the industry lost R77 million to fraud in 2022...read more
Living annuity model proves robust in volatile times
29 November 2023
South African retirees had R625.9 billion of their retirement savings invested in living annuities at the end of 2022, which marks an increase of 47.3%...read more
Cautious CIS investors look for diversification in multi asset portfolios
14 November 2023
The local Collective Investment Schemes (CIS) industry attracted net new investments of R9 billion in the third quarter of 2023...read more
Life insurers pay claims and benefits worth R287.1 billion in the first half of 2023
3 October 2023
Beneficiaries and policyholders received R287.1 billion in claims and benefits from South African life insurers in the first half of 2023. read more
Local CIS industry statistics reflect a tough second quarter for investors
7 September 2023
The local Collective Investment Schemes (CIS) industry reported assets under management of R3.36 trillion at the end of the second quarter 2023. read more
Local CIS industry assets grow to R3.27 trillion
12 June 2023
The local Collective Investment Schemes (CIS) industry increased assets under management to R3.27 trillion in the first quarter of 2023 from R3.16 trillion at the end of December 2022. read more
Life insurers remain well-capitalised despite tough operating conditions in 2022
15 March 2023
South African life insurers navigated volatile investment markets and a tough operating environment in 2022,... read more
Local CIS assets under management recover to previous highs
27 February 2023
The local Collective Investment Schemes (CIS) industry recorded net inflows* of R108 billion in 2022, ending the year with R3.14 trillion in assets under management. read more
Hedge fund industry sees assets under management jump by an unprecedented 30% in 2022
27 February 2023
The South African hedge fund industry grew its assets by an unprecedented 30% in 2022, ending the year with R113.01 billion under management... read more
The ASISA ESD Fund publishes a Quarterly Update Report which showcases the ASISA ESD Fund’s quarterly highlights communicating key achievements and milestones
The ASISA Foundation publishes a quarterly newsletter to keep stakeholders close to various engagements as well as documents which provide some insights into the work of the ASISA Foundation and the consumer financial education landscape.
The ASISA Academy publishes a monthly Newsflash which is a summary of the highlights from our courses over the past month