What’s inside… FAnews Magazine February 2022
Our first edition for the year is out… packed with articles you want to read. We have just over 20 000 registered Continuous Professional Development (CPD) users, and with this email we are reminding you to make sure you stay up to date with your CPD hours. We’ve touched on content and issues that are topical and relevant, and ultimately written for you. The articles are written by industry experts and FAnews journalists, so if you have specific issues or questions about anything, please don’t hesitate to get it touch.
The CPD articles are marked… but don’t skip the rest of the content… there are some fantastic articles in this edition. The links on all the articles listed below will take you directly to the FAnews February 2022 edition.
CPD Articles
IISA Approved Articles
The business interruption policy: capturing consequential losses.
Risk management in the supply chain environment. Correctly configured, and optimally utilised, technology can very quickly pay for itself.
South Africa embraces innovation to tackle climate crisis. The industry remains extremely vulnerable to the growing impact of the climate crisis.
Opportunities presented by new developments. Considering the opportunities we see, there is no question that we are on an exciting, upward curve in the insurance industry.
Demerits en voyage: AARTO’s ‘iron fist’ jab at road traffic offenders and its insurance implications. Insurers should consider rewording policy wordings…
Risk management central to a new insurance paradigm. Rebuilding the economy should bring opportunities for growth in the specialist markets.
FPI Approved Articles
Should commission be blamed for exorbitant causal event charges? Blame causal event charges on commission. One would have expected this anomaly to have been addressed ages ago, not given a reprieve for a further seven years…
How long is a broker appointment letter valid? A broker appointment letter does not constitute an agreement…
Generation Z… a wiser force to reckon with. Having witnessed their parents’ struggles, this generation is driven by pragmatism and security.
100 000 more productive hours: how longevity introduces challenges for financial planners and their clients.
Leaning more towards sustainable investing. It may be early days in South Africa, but the train has surely left the station towards best practice sustainable investing.
Alternative investments often overlooked. One asset class that is still often overlooked, whether intentionally or unintentionally, is alternative investments.
But wait, there’s more…
The year ahead
The lessons of 2021, into 2022. Looking back at 2021, FAnews spoke to a few insurers about the lessons learned, and what we are/or can carry into 2022.
2022… industry bodies weigh in.
In the news
The financial services industry: change and all that...
Alternative Risk Transfer solutions... 2022 trends.
Your policyholders matter, their experiences count. Once insurers recognise that they are in the experience business, they will be able to overcome a cultural shift.
Africa presents great investment opportunities… it’s on the move, and it’s moving forward.
Are financial adviser contracts fair to clients? The dogs of the industry will carry on as usual. Ethical advisers will need to survive under challenging conditions.
Profile
Empowering your clients to fight childhood cancer on firm financial footing.
SHA expands cyber insurance capabilities.
Regular feature
Re-imagine products and capabilities. Adopting a data-driven approach benefits our customers with improved product design, as well as the overall customer centric experience.
Regulatory
Insurers and intermediaries must walk the regulatory tightrope, together. The industry’s legacy of arms-length relationships between intermediaries and insurers needs to be relegated to the history books.
Financial planning
Is South Africa’s high net worth exodus putting pressure on FSPs? Experienced advisers will look beyond the potential losses that may occur when clients announce their imminent departure.
Technology
You cannot give your AI unrestricted access to customer data...
AI: how far can we push its capabilities?
Short-term
2022 - a few big risks on the radar. Where are the opportunities for growth in 2022?
Brokers need future-proof approaches in an uncertain world. Brokers will need to try and envision what the immediate and medium future will look like and ensure that they have the products to cater for that reality.
Investment
An alternative view on investment education. The lack of trust stems from a lack of information.
Greenwashing: like putting lipstick on a pig!
Life
A solution orientated approach. Preventing hospitalisations from COVID-19 should, therefore, remain a top priority for all of us.
Do life insurers need to rethink product strategies? Simplicity is becoming more important.
How Artificial Intelligence can improve the insurance process. The speed and scale of continuous innovation, enabled by cloud computing, allows us to develop new services using the latest technologies.
Employee benefits
Why fixed contribution rates need fixing. I worry that, despite the indefensible status quo and the confluence of factors making a change more urgent than ever, we will still not see progress quickly enough.
Retirement
Trends shaping today’s retirement landscape.
Healthcare
Are the lack of broker incentives paralysing affordable healthcare?
Editor’s thoughts:
It’s a new year, with new opportunities… and although very few people still make new year’s resolutions, it’s always good to start the year with a few ideas and plans to make the year a different and better one. A dear industry colleague shared that he works on the bucket list concept… which I thought was great because it’s positive and you won’t feel like a failure if you haven’t done it by the end of the year. Do you like it?
Thank you for continuing your CPD and industry reading journey with us. We look forward to serving you this year and we are, as always, keen to hear what you want to and need to read more about. Involve us… we are keen to help.
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