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Tag Archives | Association for Savings and Investment South Africa

hacker

Policyholders, investors ‘should be extra vigilant’ following TransUnion data breach

The Association for Savings and Investment South Africa (Asisa) has cautioned policyholders and investors to expect an increase in phishing attempts and approaches from criminals impersonating representatives from life insurers and investment companies following the data breach at TransUnion South Africa last week. On Thursday, TransUnion said one of its servers had been hacked “through […]

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risk

SA unit trust investors ‘more risk averse’ than foreign counterparts

South African investors are far more risk averse than their foreign counterparts, with only 19% of local collective investment scheme (CIS) assets in equity portfolios compared with 47% for all international CIS assets, says Sunette Mulder, the senior policy adviser at the Association for Savings and Investment South Africa (Asisa). She referred to statistics from […]

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growth

Hedge fund industry grows assets to R86.93 billion

Assets under management (AUM) by regulated hedge funds in South Africa grew 19%, while the number of funds continued to decline last year, according to figures released by the Association for Savings and Investment South Africa (Asisa). AUM rose from R73.27 billion to R86.93bn at the end of December 2021. Further consolidation and fund closures […]

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life-insurance

Life insurers ‘well capitalised’ despite paying out R608 billion in 2021

Policyholders and beneficiaries received claims and benefit payments worth R608 billion from South African life insurers in 2021, the highest paid in a single year, according to statistics released by the Association for Savings and Investment South Africa (Asisa). Asisa said that despite these historic pay-outs, “the industry remains well capitalised and in a strong […]

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stats

Long term Insurance Industry Statistics 2017

Every year when I read these statistics, I wonder whether there is enough appreciation in government circles for the contribution made by the industry to alleviate the burden on the state. The 2017 long-term insurance industry statistics released on 14 March 2018 by the Association for Savings and Investment South Africa (ASISA) show that despite the healthy […]

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