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While there is a general feeling that the Financial Services Board (FSB) is implementing regulatory reform with the best intentions at heart – the ultimate goal of improving the industry – there is an undercurrent of criticism within the industry; particularly from those who are very active in the industry.
South Africans have been through a lot and still go through a lot on a daily basis when it comes to the appropriation of tax payers money. Whether it be Nkandla or the e-tolling system, South Africans generally feel that there is no fair indication that their taxes are used in the correct manner. The number of service delivery protests in the country is an indication of this.
“Information should be at the core of any functional society. The more we learn, the better we become at applying new concepts, ideas and changes,” Alec Hogg, Founder Biznews.com. The industry has been embracing Big Data for a while now. Of all the trends that are likely to impact the industry in a meaningful way, Big Data looks to be one that will take centre stage.
Liability is a subject that is never a cut and dry situation. While they exist on very definite foundations, the road towards these foundations is often not so clear. In an effort to clarify the issue of liability sales with its brokers, Camargue recently held a roadshow where it explained the issues by way of example
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?