FANews
FANews
The Stage
Forward thinking

Underwriting management agencies (UMAs) play an important role in the financial services industry as they provide cover that larger insurers may not offer. Further, they have key skills to manage unique risks.Despite their importance to the financial services ecosystem, UMAs face an uncertain future as the financial services industry undergoes massive changes. This was some of the topics under discussion at the recently held South African Underwriting Managers Association (SAUMA) Conference.

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Straight Talk
Profiling the intermediary of the future

Technology, and the way that it will impact the financial services sector, are currently very hot topics in the industry. Many insurers have been forced to take time to determine what the Fourth Industrial Revolution means for their business and how they can use technology to enhance the customer experience. This is at the heart of this revolution.

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Featured story
Changing the game isn’t easy

When compared to other emerging economies, South Africa has been a serious underperformer over the past five years. While still maintaining the status quo politically – with the African National Congress (ANC) being the country’s ruling party – there has been a significant regime change and fresh roots of optimism that have taken shape since Cyril Ramaphosa has become President.

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Quick Polls

QUESTION

The Financial Sector Conduct Authority (FSCA) released a notice extending the CPD cycle for 2018 until 31 July 2019. What is your opinion on this?

ANSWER

I am relieved as it means that I have more time to catch up on those CPD hours and activities
Why should individuals be given more time when they had 12 months to comply
Instead of waiting for the last minute, I proactively implemented the necessary actions timeously and effectively
The regulator’s actions are questionable
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FAnews April 2019 Get the latest issue of FAnews

This month's headlines

Differences aside… in the name of fairness
Advice… now more important than ever
COFI… is this a reason to be positive?
Cyber cover: One size does not fit all
The need for member education
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