South Africa has been through a 12-month period of unusual challenges that have affected all sectors of society. The volatile Rand, the persistent drought, the cabinet reshuffles, the credit rating downgrade and the overall political uncertainty have all contributed to the general decline of the South African economy.
The life insurance industry has not been exempted from the effects of these economic challenges, but has been under increased pressure to provide stability in an unstable environment. This has called for a renewed focus on innovation in order to stay relevant and competitive.
In our 2017 Life Insurance Survey we look at how 5 of the major South African Life Insurance Companies have weathered the economic storm. The results of our survey provide some insight for life insurers to further evaluate their competitive performance.
The survey can be accessed by clicking here.
Our monthly Investment Dashboard, which provides a summary of key financial indicators for South Africa and other related countries, has been updated with the figures for October and is also available on our website. To view the Dashboard please click here.