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Critical illness isn’t only a medical issue. It’s a financial shock that can derail stability, long-term planning, and family wellbeing.
The core of insurance has always been protection, but the very definition of what constitutes effective protection is undergoing a seismic shift.
Across the world’s wealthiest families, the transfer of assets from one generation to the next is rarely straightforward.
Consumer education, distribution and product design have been identified as potential weapons in the ongoing war between South Africa’s life insurance industry and households’ underinsurance. On the distribution front, financial advisers and planners will have to redouble their efforts to encourage clients to purchase need-appropriate death, disability and severe illness covers.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?