Out of the 74 billion ZAR (11 billion USD) of collected premiums in 2004, 20 billion ZAR (1.6 billion USD) have been bought out by underwriters beforehand, that is, a 27% takeover rate which is well above the international standard. One third of the underwritten life insurance policies fail to reach their third year.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fthe-management-of-collected-premiums-is-problematic&text=The+management+of+collected+premiums+is+problematic
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fthe-management-of-collected-premiums-is-problematic&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/human-resources-performance-and-flexibility