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As the financial services industry continues to evolve, financial planners are navigating a complex landscape shaped by new legislation, emerging technologies, shifting client expectations, and economic uncertainty.
The more effective the technology-backed tools that financial advice professionals use, the better the outcomes for consumers. This also applies to financial sector regulators who must embrace technology to deliver on their dual mandate of industry oversight and consumer protection.
The biggest insurer operating out of the United Kingdom (UK) generated almost two times the gross written premium (GWP) delivered by the entire South African non-life insurance sector in 2024. It is number that illustrates the relative strength of the world’s sixth largest economy versus a country ranked nearer 40th. FAnews attended a recent Insurance Times UK webinar to learn more.
What do you believe will be the biggest challenge when the COFI framework is finally implemented?