Life & Risk Board Committee

Life & Risk Board Committee

Chair: Saks Ntombela.
Deputy Chair: Hennie de Villiers
ASISA point person: Anna Rosenberg


This committee focuses on all matters specific to the long term insurance industry.

Key focus areas

  • Stakeholder communication/advocacy on long term insurance.
  • RDR for long term insurance-remuneration models for the industry.
  • Payroll deductions & authenticated collections.
  • Twin peak regulation– license conversion for long term insurers.

STANDING COMMITTEES AND WORKING GROUPS: 


CLAIMS STANDING COMMITTEE

ASISA point person: Anna Rosenberg

The committee provides input when required to the Life & Risk Board Committee on issues pertaining to claims. It also helps to formulate the reporting templates for the ASISA claims payout statistics and claims fraud statistics and works closely with the Medical & Underwriting Standing Committee.


GROUP RISK STANDING COMMITTEE

ASISA point person: Anna Rosenberg

The committee provides input to the Life & Risk Board Committee on issues pertaining to group risk products and reviews the ASISA Guideline on Claims Experience for Group Schemes annually.


MEDICAL & UNDERWRITING STANDING COMMITTEE

ASISA point person: Anna Rosenberg

The mandate of the committee is to protect the ability of the risk industry to underwrite; draft best practice guidelines in the interests of clients; and liaise with the Claims Standing Committee, external stakeholders, and service providers.


WORKING GROUPS

  • Cell Captive Conduct Standard Working Group
  • Default Smooth Bonus Portfolios Working Group
  • Financial Conglomerate Supervision Working Group
  • Fund Policy Working Group
  • Funeral Policy Standards Working Group
  • Insurance IFRS 17 Working Group
  • Linked Insurance Working Group
  • Liquidity Risk Management Working Group
  • Premium Collection Framework Working Group
  • RDR Commission Modelling Working Group
  • SAM Phase II Working Group

ASISA Nominations Procedure