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The insurance industry in South Africa continues to be plagued by a number of challenges and regulatory constraints. However, an imminent development that should not be underestimated by the industry is the growing use of mobile apps by insurers and brokers to reach customers and provide value added services.
As the online environment becomes ever more complex, it is nearly impossible for businesses to address all the inherent risks of operating a computer network. Since the cyber-attacks on the US by China, cyber security has become a major issue and a significant consideration for companies.
From Monday to Thursday every week, FAnews publishes an e-newsletter dealing with news and events relevant to stakeholders in the financial services industry. Our readers are intimately involved with financial services products, compliance and advice and have strong views on issues that affect them. The Best of FAnews.co.za is a magazine feature in which we highlight a popular newsletter published online in the past 60 days. We rehash the core argument presented in the newsletter before considering some of the views raised via our reader comments.
In the years to come the main driver of income for financial services providers will be the value proposition they offer. A unique value proposition will provide the “compelling reason” to convince clients why they should do business with you.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?