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Lockdown proves a useful predictor for insurance distribution

02 June 2020

The national lockdowns imposed on many countries has presented global insurers with an unexpected opportunity to gauge consumer appetite for a range of digital processes. Early experiences suggest that consumers are further along the digital acceptance curve than insurers imagined. Some good news for South Africa’s financial advisers and insurance brokers is that human interaction remains an integral component of technology-backed distribution methodologies. We are fast migrating to an environment where human touch serves as a differentiator that overlays the wholesale process automation enabled by digitalisation.

The importance of income protection in uncertain times

29 May 2020

If illness or injury stopped you from working for an extended period, would you be able to survive on savings or sick leave alone? Without your income, would you be able to pay everyday expenses like your bond, rent, groceries or school fees, and take care of your family and financial commitments?

Life Annuity Sales Soar Amid Lockdown Losses

20 May 2020

Amid the market instability brought on by COVID-19, retirement income specialist Just has reported record demand for life annuity solutions from South African pensioners looking to lock in an income for life.

Lump sum or income benefits? How to make the right life cover choice for you

14 May 2020

Imagine wanting a red car, but buying a green one because you can always paint it red afterwards? That’s exactly what South Africans are doing when it comes to taking out life insurance: they’re purchasing lump sum cover in the hopes that should they pass away, their loved ones will continue to be provided for financially with an income.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

View the Results