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Speaking at the interim results of their business in Johannesburg today, Myles Ruck says that they will spend the next 18 months dealing with the bigger issues.
According to Liberty Life the merger process provides an ideal opportunity to propose a full restructure of the two businesses to obtain maximum synergies within the organisation.
A for the first time Liberty disclosed their costs per policy. At Liberty Life it costs R248 per policy to administer – which is up 3.5% from last year; while at Liberty Active it is R154, down 4.9% from last year.
A little upbeat...
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?