Now reading: Regulatory review of formal and informal funeral insurance markets in South Africa

Policy and Regulation


Financial Inclusion

Regulatory review of formal and informal funeral insurance markets in South Africa

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