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The Stage
What’s inside… FAnews Magazine February 2024

For brokers and advisers, the landscape is rife with both challenges and opportunities. Regulatory changes and technological advancements are reshaping the playing field, demanding adaptability, and foresight. While digital platforms and fintech innovations offer tools for efficiency and outreach, they also bring forth a wave of competition that threatens to redefine traditional roles and relationships. Interestingly, amidst the buzz of technological developments, it's notable how many people in the industry still grapple with the basics in running their practices - a reminder that amid all the talk about AI and tech advancements, mastering the fundamentals remains paramount.

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Straight Talk
AI aces human creativity; advice professionals next in line?

The ever-declining number of holdouts who swear they will never let an artificial intelligence (AI) replace them are slowly losing the battle. The uncomfortable truth, dear reader, is that AI is taking over our day-to-day tasks by stealth: yesterday you asked Grammarly.com to check your language use and punctuation; today you ask Chat GPT to write the entire article or Canva.com to generate an image; and tomorrow, well who knows?

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Featured story
Promising signs of softer insurance | reinsurance markets

The hard market conditions that have dominated insurance and reinsurance premium negotiations over the past three- to five-years is showing signs of easing as we enter 2024, suggesting better times for local insurance brokers and risk managers as they seek to transfer risk.

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latest quiz / Survey
Medical scheme versus health insurance cover
Medical scheme versus health insurance cover

Medical scheme versus health insurance cover… are your clients asking questions? Do your clients really know the difference? We invite you to participate in our survey as we delve into the key questions around medical insurance versus medical schemes an

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Quick Polls

QUESTION

In navigating the dynamic landscape of financial intermediaries in 2024, which strategy do you believe is most crucial for success?

ANSWER

Prioritising client needs
Embracing technological advancements
Staying abreast of regulatory developments
All of the above
fanews magazine
FAnews February 2024 Get the latest issue of FAnews

This month's headlines

On the insurance industry’s radar in 2024
Insurers, risk managers unsure of AI’s judgement credentials
Is offshore the place to be in 2024?
Gap claims: erosion of medical benefits, soaring specialist fees
Investments and retirement… is conventional wisdom under threat?
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