Alexander Forbes Group Holdings Limited Transfer of the Group Risk and Retail Life Businesses to Sanlam Life
June 14, 2021
Background and Rationale The board of directors of the company is pleased to announce that Alexander Forbes Life Limited (AF Life or the Business) has entered into a binding agreement with Sanlam Life Limited (Sanlam),…
Fourfold increase in death claims against fully underwritten life policies during second Covid-19 wave
June 1, 2021
Anja Kuys, Chair of the Continuous Statistical Investigation (CSI) Committee, Actuarial Society of South Africa (ASSA) Four of South Africa’s largest life insurers reported increases of between 50% and 60% in death claims against fully…
As it celebrates 10 years in the life insurance business, needs-matched insurer BrightRock attributes its success to financial advisers Founded in 2011 BrightRock has stayed true to its roots of living and loving change over…
The Insurance Journey Of Tomorrow
April 13, 2021
Insurance growth in Africa shows great promise, with technology the main driver. Increased connectivity and access to technology enables cost effective distribution but also assists insurers to mitigate many risks that have hampered insurance growth…
Hollard Group’s life insurance pay-outs soar to historic highs during Covid-19 pandemic
March 25, 2021
By: Hollard Insurance Group The Hollard Insurance Group, South Africa’s largest privately owned insurance group, reported that it has paid out the highest death benefit claims in its 41-year history in the period since March…
BrightRock announces strong growth in 2020
March 24, 2021
Now in its 10th year, needs-matched life insurer BrightRock announces strong growth in 2020, despite COVID-19’s challenges. Key performance indicators Total cover in force exceeds R350 billion, up by 13.7% from 2019. Total annualised premium…
By: Assupol Over 1,500 Assupol clients are projected to receive an average of R27,000 each in pay-outs, as part of the almost R42 million in Cashback benefits that Assupol intends to pay to clients between…
Sanlam pays out over R162-Million in COVID-19 claims
September 22, 2020
R162-million of COVID-19 related claims were paid by Sanlam Individual Life between March and August 2020; with over R17-million paid to clients for sickness and income protection benefits and over R144 million paid in death…
