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The inevitable tightening of the belt that is currently facing many consumers, may make it tempting to try and get cheaper long-term insurance cover by omitting vital information during the application process.
Seemingly undeterred by stock market volatility, a troubled economy and the turmoil in emerging markets, local investors committed a healthy R54 billion in net inflows to the local Collective Investment Schemes (CIS) industry in the third quarter of this year.
One of the key indicators of a tough economic climate is that net inflows into the investment industry become depressed.
South African life insurers paid R63.7 billion to individuals who had experienced death, disability or a severe illness in their family circle in the 12 months ended June 2018. This marks an increase of more than R6.3 billion from the previous 12 months to the end of June 2017.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?