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The short term insurance landscape has changed significantly over the past 15 years. Improved scientific and risk-specific underwriting models, evolving distribution channels, new entrants with innovative products and loyalty programs have revolutionised the way we conduct business. What will the next decade bring?
Your corporate website could violate copyright or intellectual property laws, a stolen laptop might trigger a long and costly nightmare involving theft, extortion or both and an ill-considered post on Facebook or Twitter could result in slander or defamation claims. Of equal concern is what happens when sensitive information gets into the wrong hands.
The aftermarket in motor vehicle spares has always been a contentious issue. Short-term insurers have had to weigh up the perceived safety risks associated with installing non-Original Equipment (OE) parts against the significant cost savings to the insured motor pool. Nowhere is this debate more heated than in the ultra-competitive automotive glass industry. FAnews asked the major local glass suppliers why stakeholders in the motor repair industry should favour their product.
In a recent article, titled Making your Practice Succeed, we touched on the results of a Celestis succession planning survey and highlighted important issues facing most financial advisory practices. I would like to revisit these issues and comment on the results of a similar US-based survey undertaken this year by NFP Adviser Services Group and Aite, an independent research company.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?