Beneficiaries and policyholders received R287.1 billion in claims and benefits from South African life insurers in the first half of 2023. The payments would have reached these beneficiaries and policyholders at a time of great need – following a tragic life event like death or disability or a life stage change like retirement.

BrightRock has given an update on its business performance for the period to 30 June 2023. According to CEO, Schalk Malan, the first six months were a positive and significant period for the needs-matched insurer, positioning it strongly for continued future growth.

Sanlam has announced the launch of Sanlam Fintech, a dynamic business cluster within the Sanlam Group. The new fintech cluster is not just about innovation; it's about driving financial literacy and inclusion with the aim of transforming the financial landscape in Africa.

With less than two-months to go until the FPI Professional’s Convention, seats are selling fast so register today for the event of the year.

Shaheed Mohamed, Head of Group Savings and Investments at Allan Gray, helps employers to understand what a good default option is in a group retirement fund, and how it can help employers, employees and trustees.

The report offers insight into the worldwide financial cost of compliance, with financial institutions bearing a total cost of U.S.$206.1 billion. This cost is comparable to more than 12% of global research and development (R&D) expenditure and equates to $3.33 per month for each working-age individual on Earth.