2. Definitions
Objective
Metropolitan Retail Hubs
ASISA Grid
Household Income
Geocoding Clients
Aggregating Clients per Grid Block
Clients versus Potential
Calculating Score
Agenda
3. ASISA - The Association for Savings and Investment South Africa
B-BBEE - Broad-Based Black Economic Empowerment is made up by 7 elements
Ownership
Management Control
Employment Equity
Skills Development
Preferential Procurement
Enterprise Development
Social-Economic Development
CAT - fair Charges, easy Access, decent Terms
Zimele - Zulu word meaning to stand on your own two feet
Definitions
4. Generic Standard
The purpose of this Guidance Note is to specify the minimum standards
required and scoring mechanism for Access products for the Long-term
Insurance industry
Purpose
ASISA, through the CAT (a.k.a. Zimele) Standards reaffirms its FSC based
commitment to ensure that the Long-term insurance industry continues
to develop and roll-out insurance products that will ensure that lower
income households are able to access cover based on fair and equitable
terms
Scoring
Equal-sized regular polygons of 40km in diameter were developed and
overlaid on a socio-economic mapping of the country in such a way that
80% of the adult population of the target market spend most of their
time living and/or working within such polygons
Objective