INSURANCE
This sector comprises the two largest Life companies (listed in 1999 after demutualisation), as well as short-term insurers, all of whom have diversified their operations to encompass a wide range of financial services for the retail client.
INDUSTRY EXPOSURES
Business: South Africa’s insurance sector is strong and evolving fast with new technologies facilitating the transfer of money and management of savings and investments, especially in emerging African markets under-utilising banking and insurance services. Issues dealt with in the report:
Conflict between discriminatory behavioural algorithms and inclusive societal imperatives
Financial inclusion and treating customers fairly
Protection of data and personal information
Financial crime and money laundering
Cybersecurity
Environment: The Climate Change agenda is increasingly impacting on the Responsible Investing (and lending) landscape, with scrutiny on fossil-fuel energy financing and pressure to invest in renewable energy projects.
Society: Customer issues are amongst the highest weighted material issues in the banking industry. These are:
Responsible lending and treating customers fairly
Introduction of the two-pot retirement fund mechanism
Financial inclusion
Protection of data and personal information
Financial crime and money laundering
Cybersecurity
Governance: Increasing diversification into new services and geographies with innovative, digital products have raised scrutiny in the areas of:
Responsible stewardship and aligned incentives
Capacitated and effective board
Reliable accounting
In this report
Discovery (DSY)
Momentum (MTM)
Old Mutual (OMU)
Sanlam (SLM)
Santam (SNT)
Outsurance (OUT)
Price: $850
Included:
Full 29-page report covering all 6 companies in the SA Insurance sector
Introductory in-person consultation, scheduled at your convenience; learn more about how to link FarSight scores with your valuation process, and get up-to-date answers to specifics on each company under coverage.