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The Board of Directors of the Association for Savings and Investment South Africa (ASISA) has appointed Adrian Burke as acting CEO of ASISA. This follows the departure of Busisa Jiya on 31 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.
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.
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% from the R424.8 billion invested in living annuities at the end of 2018. The number of living annuity policies grew by 13.5% over the same period to 527 038 at the end of 2022.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?