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Brokers have evolved from being mere intermediaries to trusted advisors and strategic partners.
Account managers at South Africa’s leading commercial insurance brokerages could be servicing two to three times their current client base if generative artificial intelligence (Gen AI) fully takes hold. This was among the startling realities shared during the latest #InsureTalk event, broadcast online.
Advisers and brokers keen to grow their businesses in South Africa must do so against the stiff headwinds of lacklustre economic growth and rising joblessness. In an environment where GDP growth has stagnated near 1% per annum over the past decade, financial services providers (FSPs) often have more chance of gaining market share through acquisition than by pursuing organic growth.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?