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FANews
The Stage
The focus is shifting towards fewer products

Times have changed, and the principles of diversion have changed. In today's knowledge-based economy old business models do not work. With this in mind, do life insurers need to rethink product strategies? We spoke to Hayley Taylor, Head of Underwriting and Ryan Chegwidden, Head: Product & Technical at Hollard Life about the life insurance sector.

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Straight Talk
Unclear facts keeps insurer in check

One of the biggest changes that is about to take over the financial services industry is the relationship between insurers, brokers and policyholders. Treating customers Fairly (TCF) promises to create an environment where fruitful engagements can occur. The broker has always played an important role in the industry. From providing their clients with valuable advice to selling them products which best suits their need, the value of exceptional advice can never be understated

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Featured story
FSB puts its foot down

While the majority of the industry bemoans regulatory reform, many insurers, brokers and advisers within the industry understand why it needs to happen. There are just some practices that need to be rooted out completely. While the Financial Services Board (FSB) is happy with the fact that the majority of the industry is toeing the regulatory reform line, there is still work to be done.

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Quick Polls

QUESTION

There may be a shock on the cards on 21 Feb when the Finance Minister announces that there will be a 2% VAT increase. What effects will this have?

ANSWER

It will generate the much needed tax revenue that government needs to address its widening budget deficit. It’s a good choice.
It will weaken the ANC. They rely on the poor vote and the poor will be most affected by the VAT increase. The ANC must tread carefully here.
There will be little change. It is just more money for government fat cats to pocket.
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FAnews February 2018 EditionGet the latest issue of FAnews

This month's headlines

Viceroy in the purview of the FSB
The fundamental right to work
AI for dummies
‘Day Zero’ the day taps are anticipated to run dry
Pre-existing conditions: insuring the uninsurable
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