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ASISA: South Africa’s life and disability insurance shortfall widens to R50.4 trillion

28 October 2025

South Africa’s 16.1 million formally employed income earners collectively had enough life and disability insurance cover at the end of December 2024 to provide only 39% of the income needed by their families in the event of death or disability.

ASISA: Critical illness cover considered a luxury rather than a necessity by South Africa’s income earners

28 October 2025

Just over 24 000 South African formally employed income earners are expected to be diagnosed with a critical illness such as cancer, a heart attack or stroke in 2025, according to actuarial estimates.

SA life insurers conclude the first half of 2025 with assets under management of R4.8 trillion

15 October 2025

South African life insurers remained well-capitalised in the first half of this year and in a strong position to continue honouring contractual promises made to policyholders and their beneficiaries.

Life offices and asset managers report a transformed ownership profile, but employment equity targets remain aspirational

08 September 2025

Black South Africans owned 30% of life offices and 39% of asset managers at the end of 2024, according to an updated overview of the collective transformation progress by members of the Association for Savings and Investment South Africa (ASISA) since the Amended Financial Sector Code* (Amended FSC) came into effect at the end of 2017.

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What is the biggest constraint stopping insurers from letting AI agents or solutions take over complex human-led underwriting decisions?

Answer

Customer trust concerns Data and security risks Lack of explainability Regulatory uncertainty

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Living annuity drawdown rate average drops below 6% for the first time since 2011

20 August 2025

Local CIS industry celebrates R4 trillion in assets under management

14 August 2025

Life insurers settled 95.6% of all death claims in 2024

13 August 2025

Fraud and dishonesty worth R1.4 billion prevented by life insurers and investment companies in 2024

28 July 2025

Local CIS industry attracts strong net inflows despite extreme market volatility

19 May 2025

Treasury’s CIS tax proposal risks breaking a savings system that works

03 April 2025

South Africa’s life insurers remain well-capitalised, able to withstand significant shocks

02 April 2025

CIS investors not yet convinced of green shoots, shunning growth assets

04 March 2025

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Compliance - Regulatory / Association for Savings & Investment SA (ASISA)