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What’s inside… FAnews Magazine February 2021

The April edition is packed with articles you want to read. Over and above our focus on retirement and employee benefits issues, we’ve touched on many relevant topics, ranging from ransomware, agriculture insurance issues, risk management, the future of the healthcare broker, fiduciary challenges and the importance of relationships in a world where technology rules the roost. Yes, you can do your CPD hours and this time we are even giving you more with an additional supplement focusing specifically on funeral insurance.

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Straight Talk
Brokers be warned… Group risk premiums set for take-off

The latest statistics from the South African Medical Research Council (SAMRC) show a clear surge in South Africa’s mortality experience through COVID-19. Analysts are now suggesting that actual deaths due to the disease are some 2.5 to 3 times higher than government’s official numbers. “Our death experience very closely tracked the national statistics and the national pattern reported to date,” says Reinier Van Gijsen, Head of Pricing at Sanlam Corporate. He was presenting on the impact of COVID-19 on group insurance at an In conversation with Sanlam Corporate event.

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Featured story
The onus of proving a claim under lockdown

We summed up some case studies from the Ombudsman for Short Term Insurance’s (OSTI) briefcase, which we thought would be interesting for our readers.

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latest quiz
Medical scheme cover… just what are clients looking for?
Medical scheme cover… just what are clients looking for?

The medical scheme environment is under pressure. Aside from downgrading, customers are complaining about their medical scheme cover, what is covered, what is not, the fees and out of pocket costs.

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Quick Polls

QUESTION

Covid-19 may accelerate certain industry trends. What are we likely to see?

ANSWER

Adoption of contactless technologies and digital experiences will likely be accelerating emerging technologies further
The consumer will expect safety and precautionary measures, driving the need for enhanced surveillance policies and technologies, which may pose potential privacy concerns
Rising activism among consumers and employees could drive an increased focus on corporate purpose
Value chain disruption is likely to lead to an increase in creative partnerships, which may in turn cause organisations to further invest in developing the mindset and agility to collaborate across sectors in the ecosystem
Cost management will be a critical priority to ensure business continuity based on cash flow requirements, to manage lower margins and revenues during a downturn
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FAnews April 2021 Get the latest issue of FAnews

This month's headlines

Randsomware attacks... SA businesses' biggest risk
Know the difference - compliance vs ethics
Better business by virtue of Beethoven
The future of vaccines
Harmonisation of retirement funds
Call centres and the maze of auto-prompts
The next 18 to 24 months are going to be tough
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