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There is no doubt that we live in a risk based world. From tropical storms and droughts to earthquakes and riots, the world that we live in today is a far cry from the one that we lived in 20 years ago.
Eurozone finance ministers met in Brussels on February 20 to assess Greece’s progress in fulfilling the conditions of its €86-bn bailout. No final deal has been reached but finance ministers agreed to send again teams of experts to Athens to try to conclude an agreement on the bailout’s second review, the last mission broke down late last year. The Greeks had previously made concessions on new cost-saving measures.
According to the second estimate released on February 14th, euro area GDP growth in the 4th quarter of 2016 rose 0.4% Q-o-Q, slightly below the consensus of 0.5%. With an average quarterly growth rate equal to 0.4% in 2016, the pace of growth remains stable.
With price ranges between R1 000 and R100 000, drones have fast become a common phenomenon not only as tools in commercial fields, but as a hobby for consumers. But while South Africa’s regulations on drone operation have had significant licensing cost implications for businesses, consumers may be at the highest risk for financial loss.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?