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Daily Maverick 168 weekly newspaper. South Africa’s largest life insurers have reported increases of 50% to 60% in death claims against fully underwritten individual life policies between March last year, when the first Covid-19 case was recorded in South Africa, and the end of January 2021. Although life insurers anticipated that death claims would increase in line with the national death rate during the second wave, insured lives lost exceeded the expected death rate by four times at the peak of the second wave in January 2021. In comparison, the country as a whole saw an increase in reported deaths of 2.8 times the expected death rate.

South africaSouth africanSouth africansAnja kuysAfrica asisaRisk board committeeAssociation for savingsAfrican medical research councilDaily maverickActuarial societyContinuous statistical investigationSouth african medical research councilInvestment south africaHennie de villiersAsisa lifeRisk board