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As governments and global think tanks go back and forth tackling the climate change phenomenon, insurers and reinsurers are struggling to keep up with the claims load arising from flood, hail, landslide, severe convective storm (SCS) and wildfire events.
In recent years, our world has been battered by an onslaught of extreme weather events, leaving businesses reeling in their wake.
Artificial Intelligence (AI) is arguably one of the most prolific buzzwords of the past decade, particularly since the advent of ChatGPT in late 2022 when AI became a hotly debated topic of discussion beyond the boardroom, casual dinners and braais.
As we welcome the second quarter of 2024, excitement is building among many South Africans as they prepare to leave their everyday routine for the winter school holidays. For some, the anticipation extends abroad as they plan to exchange the cold winter weather for that of the northern hemisphere’s summer and sunshine.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?