Media release: Life insurers have the reserve buffers to withstand COVID-19 fallout

Media release: Life insurers have the reserve buffers to withstand COVID-19 fallout

The South African life insurance industry has more than double the legally required  reserve buffers in place and is therefore well positioned to deal with the COVID-19 fallout over the coming months. The Association for Savings and Investment South Africa (ASISA) today released the new long-term insurance statistics gathered from ASISA members in line with the new regulatory reporting requirements introduced by the Insurance Act of 2018.

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