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As 2014 steams ahead, FAnews canvassed the opinions of several insurance experts regarding challenges facing the industry. The consensus seems to be that although difficult conditions prevail, insurers are keen to embrace new ideas as they partner with brokers to forge a new path, grow business and address challenges together.
There is an acute scarcity of the highly skilled professionals that are needed by the country to manage the very real cybercrime threats that face South Africa. A number of different professionals from different sectors must be trained to make up a core response team for national threats that affect the running of the government and key business sectors that are most vulnerable to cybercrime.
2014 marks the 10th Anniversary of the implementation of the Financial Advisory and Intermediary Services (FAIS) Act of 2002, an act that changed the financial services landscape by encouraging professionalism among advice givers and extending wide protections to consumers.
With the movement towards a technology driven world gaining momentum, big data storage is becoming a significant consideration for companies. The effective administration and storage of this data offers many advantages to companies.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?