Regulatory review of formal and informal funeral insurance markets in South Africa
Regulatory review of formal and informal funeral insurance markets in South AfricaJuly 28, 2005 •
The need to provide for funerals is one of the key drivers of financial behaviour for many South Africans and has led to a relatively sophisticated and widely accessed informal financial sector. Informal savings groups play an important role in mitigating the risks of low-income households and are often complemented or supported by formal providers.
This 2005 report presents research on the operation and regulation of the formal and informal funeral insurance market in South Africa.