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In light of the country’s challenging economic conditions, the short-term insurance industry will be under pressure this year to continue its double digit growth that the sector has experienced over the last couple of years. The arrival of various new players in this industry will continue to make the sector increasingly competitive as more options are introduced and are now available to consumers – especially when it comes to direct insurance.
Independent brokers are likely to benefit from a compelling value proposition in the context of the implementation of the Financial Services Board’s Retail Distribution Review (RDR).
The urge to convert and scale up a small business to a medium to large enterprise is one of the most common goals among business owners. However, contrary to popular belief, scaling up a business is not just a goal for most entrepreneurs, but also a necessary step to running a business successfully.
Growth in the insurance industry has been one of the most talked about topics over the past five years. The challenge that is presented is designing products and distributing them in an effective way that will be profitable for insurers to truly work towards financial inclusion.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?