Description: The Life Offices' Association or LOA of South Africa is a respected organization that's been around for over 78 years. The members come from the insurance industry or have experience in financial services. Their goals are simple and precise but basically aim to promote the growth of the long term insurance in the country.
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The Life Offices’ Association (LOA) of South Africa is known as an active trade organization based in Cape Town and born in 1935. They are tasked with specifically working on improving and governing life insurance or long term insurance for both consumers and providers. It currently has 36 member companies in the organization and these members represent majority of the insurance companies in the country. Collectively, they control the long term insurance industry and assets worth over R 915 billion. In a wa
The Key Focal Points of LOA
The Life Offices’ Association does more than act as protector of the long term life insurance industry. They also have a mission to educate consumers on the benefits of life insurance and financial services. For the past several years, they have been spending more than 25 million rand a year on consumer education.