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ASISA

05 Dec 2024

A 46% surge in insurance fraud and dishonesty

One challenge that faces the funeral and life insurance industry is fraud, and it’s growing. According to the comprehensive fraud statistics for the industry, released by the Forensic Standing Committee of the Association for Savings and Investment South Africa (ASISA) in November, the increase in fraud is concerning. But it’s not all bad news. South African...
02 Feb 2022

Unvaccinated new customers will pay more for cover, says FMI

The move only applies to new policy applications from 1 January, and policyholders with existing cover will not be affected.
16 Sep 2021

Life insurers remain well capitalised: ASISA

Despite the unprecedented claims and benefit payments made to policyholders and beneficiaries as a result of the Covid-19 pandemic, the life industry remains in robust financial health and well capitalised to honour the long-term contractual promises made to customers.
02 Sep 2021

Why past performance is no guarantee of future performance

“Past performance is no guarantee of future performance,” has become an axiom of the investment industry. Yet too often, novice investors use positive returns in one financial year as a harbinger of anticipated growth for the next. The constant cycle of chasing past wins is a volatile one that does not account for a myriad of other factors, which influence investment outcomes.
20 Aug 2021

CIS assets under management near the R3 trillion threshold

The local Collective Investment Schemes (CIS) industry reported net outflows of R18 billion for the second quarter of this year following the closure of South Africa’s biggest money market fund. Releasing the CIS industry statistics for the quarter and year ended June 2021, Sunette Mulder, senior policy advisor at the Association for Savings and Investment South Africa (ASISA), explains that the second quarter CIS flow statistics provide a distorted picture.

19 Aug 2021

Core proposals set out in Green Paper not new, says ASISA

The Association for Savings and Investment South Africa (ASISA) has taken note of the Green Paper on Comprehensive Social Security and Retirement Reform published yesterday by the Minister of Social Development, Lindiwe Zulu, for comment by 10 December 2021. A Green Paper is a government policy discussion paper that details specific issues and then points out possible courses of action in terms of policy and legislation.
28 May 2021

Majority of local investors miss out on strong stock market recovery: ASISA

The local Collective Investment Schemes (CIS) industry reported net inflows of R13.69 billion in the first three months of this year, taking to R203.83 billion the total net inflows for the 12 months to the end of March 2021.
10 May 2021

The structure of market drawdowns – Part 2

By: Joao Frasco, CIO, Stanlib Multi-Manager The structure of market drawdowns is an interesting concept to inform investment decisions. This is particularly relevant as we continue to grapple with the ongoing temporary slowdowns in economic activity worldwide and market uncertainty. The South African equity market ended 2020 below its previous high in 2017, which technically...
08 Mar 2021

Interest bearing CIS portfolios attract record breaking net inflows in 2020

The local Collective Investment Schemes (CIS) industry attracted net annual inflows of R213 billion last year – the highest ever in the industry’s 55 year history.

08 Mar 2021

Life insurers pay more than half a trillion rand to policyholders in 2020

Policyholders and beneficiaries received claims and benefit payments worth R522.7 billion from South African life insurers in 2020.