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Bidvest Insurance Group expands with two new acquisitions

07 August 2016 | Bidvest Insurance Group

In line with Bidvest’s strategy of expanding through value accretive acquisitions, the Bidvest Insurance Group announced that it has acquired FMI, a Life insurance underwriting manager specialising in income protection and Glassock & Associates, a pension and provident fund administrator.

First parametric insurance programme against risks of natural disaster for farmers in China

04 August 2016 | Swiss Re

• The programme covers 28 counties across Heilongjiang province against flood, excessive rain, drought and low temperatures • Innovative insurance uses satellite and weather data to allow faster payouts than traditional cover • The public-private partnership puts funding in place for Heilongjiang government when disaster strikes

Allianz and SOS Children's Villages focus on social inclusion

02 August 2016 | Allianz

• Global partnership aims to give young people better opportunities, skills and networks • Allianz employees run 34 times around the world at the first Allianz World Run to raise money for 12 SOS children's villages, setting a new world record • The partnership is part of Allianz' "Encouraging Future Generations" program and is designed to promote social inclusion

A comeback for mutual insurance? Swiss Re sigma report investigates

02 August 2016 | Swiss Re

• Mutual insurers' share of global premiums has risen in recent years, reversing the decline of earlier decades • New risk-based capital requirements and tighter corporate governance standards pose challenges for some mutual insurers • Novel capital-raising instruments, greater access to customised reinsurance and alternative risk-transfer solutions will give mutuals increased financial flexibility • Mutuals must upgrade their underwriting and distribution practices if they are to thrive in the digital age • Digital technology can help mutual insurers better serve their members' long-term interests, and keep some risks insurable

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Question

Are financial advisers ready for the combined impact of COFI and AI?

Answer

Yes, fully prepared and already adapting Somewhat prepared, but still facing implementation challenges Not yet prepared, more time and support needed Unsure / still assessing the impact

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