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As we approach the end of the year, we are now officially in the midst of the Festive Season. But will it be a season to be jolly? South Africa's crucial ratings decision was received with mixed views from economists.
In January this year, the financial services industry was rocked by reports that Rosemary Hunter, the Deputy Executive Officer of Retirement Funds at the Financial Services Board (FSB), took the regulator to court following what she deemed as irregularities when it came to the closing of pension funds by the FSB.
As medical scheme increases are announced and implemented, healthcare has been firmly placed under the spotlight. This is not to say that healthcare has never been in the spotlight. There have been a number of reports in the industry during the year which at times has made the public question the sustainability of the industry and how the National Health Insurance scheme will fit into the picture.
Charles Kettering once said: My interest is in the future because I am going to spend the rest of my life there. This is the challenge facing the insurance industry of today, how do we get ourselves future fit so that we can remain relevant to our clients? We need to design cutting edge products that keep pace with changes in lifestyles and the ever evolving nature of risk. Further, we need to tailor our advice in order to reach our clients in such a way that they feel comfortable and with a message they will understand.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?