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Source: https://swiftheadline.com/death-claims-quadrupled-during-the-third-waves-peak/
Death claims quadrupled during the third wave’s peak
Business
By Kanchan Sharma On Dec 26, 2021
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South Africa’s largest life insurers received 22 544 death claims against fully underwritten life policies* in the 19 months between the start of the Covid-19 pandemic in March last year and the end of September 2021. While not all the claims were for policyholders who died as a result of Covid-19, five of South Africa’s largest life insurance companies reported a fourfold increase in death claims at the peak of the third wave against a book of 2.09 million fully underwritten new generation life policies.
These statistics are contained in the updated Death Claims Dashboard maintained by the Continuous Statistical Investigation (CSI) Committee of the Actuarial Society of South Africa (ASSA). Anja Kuys, chair of the ASSA CSI committee, says the dashboard has been updated to reflect data for the three Covid-19 waves recorded to the end of September 2021. Claims statistics are submitted by five of the country’s biggest life insurers, representing around 85% of South African individual life insurance premiums...
Death claims quadrupled during the third wave’s peak
Business
By Kanchan Sharma On Dec 26, 2021
Share FOLLOW US ON GOOGLE NEWS
South Africa’s largest life insurers received 22 544 death claims against fully underwritten life policies* in the 19 months between the start of the Covid-19 pandemic in March last year and the end of September 2021. While not all the claims were for policyholders who died as a result of Covid-19, five of South Africa’s largest life insurance companies reported a fourfold increase in death claims at the peak of the third wave against a book of 2.09 million fully underwritten new generation life policies.
These statistics are contained in the updated Death Claims Dashboard maintained by the Continuous Statistical Investigation (CSI) Committee of the Actuarial Society of South Africa (ASSA). Anja Kuys, chair of the ASSA CSI committee, says the dashboard has been updated to reflect data for the three Covid-19 waves recorded to the end of September 2021. Claims statistics are submitted by five of the country’s biggest life insurers, representing around 85% of South African individual life insurance premiums...