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Shocking statistics reveal things are getting worse

26 July 2018

The cost of crime in South Africa is very difficult to determine, however, there is no doubt the losses are in excess of hundreds of billions of Rands. Bryte Insurance released its Q4 2017 Crime Tracker; an indicator of long term crime trends in South Africa as captured by insurance claims for the period October to December 2017. The Q4 2017 Bryte Crime Tracker measures the annual change, on a quarterly basis, in crime-related claims (due to hijacking, robbery, theft and malicious damage) committed against South African businesses.

Change is needed, now and for the future

26 June 2018

When looking at the life insurance industry, we know that change is needed to remain competitive. FAnews spoke to Schalk Malan, CEO of BrightRock to ask him why change is needed in the group risk market, why it is so important for insurers to constantly innovate in the life insurance space and how insurers can offer more sustainable efficient cover in contrast to traditional group risk products.

Forward thinking is the best thinking

31 May 2018

The 2018 South African Underwriters Associations (SAUMA) Annual Conference, which is one of the very prominent events happening every year, was an extremely well attended event filled with valuable and relevant content. SAUMA always manages to keep a good balance between SAUMA specific, regulatory and political/economical content to keep members engaged on the real topical issues of the day.

Can common ground be found between technology and the intermediated insurance model?

16 May 2018

The growth of artificial intelligence (AI) and machine learning has taken the world by storm. Machines are now capable of completing complex tasks that only humans could perform in the past. While this sounds great and exiting, it does have a number of implications when it comes to employment issues. This is very true for the financial services industry where brokers and advisers are waiting in anticipation to see what impact AI will have on the future of the industry.

quick poll

Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer

Human first always Not a chance Possibly maybe Yes, but reimagined

View the Results