87% of respondents to a recent industry survey believe that shifting value-added services to the core of their business proposition would give insurers a much better chance of establishing platforms that would draw clients to their company. Do you agree?

Yes, the industry is increasingly becoming about risk management. (75.68%)

No, there should still be a strong focus on how insurers price their risk (premium calculation) over risk management. (24.32%)

With regards to the COFI Bill, do you believe lumping the health and finance sector in the same basket will sustain the financial sector?

Yes, it forms part of the FSCA’s mandate to protect and maintain the sustainability of the financial sector, and to legislate fairness and make it the law (31.74%)

No, the products are different therefore the health sector should not have to be subjected to similar conduct requirements (32.93%)

This will cause problems. More consultations should be conducted before the final version of the COFI Bill is sent to Parliament for promulgation (35.33%)

74% of respondents to a recent industry survey believe that differentiation in the insurance market will become more focused on risk management and prevention services than on the price of compensation-based insurance. Do you agree?

Yes (82.54%)

No (17.46%)

Speaking of change, on the innovative side, do you believe:

Change will happen faster in the next 10 years, then it did 10 years ago (63.24%)

Things have changed over the last few years. Nothing major will happen in the next few years (7.35%)

We have just begun to see change happening (29.41%)

Do you feel that the South African financial services industry is ready to use technology based advice models alongside adviser driven advice?

Yes (62.64%)

No (37.36%)

How can risk managers prepare for 2020 and beyond?

Reflect on the past and prepare for the future and the opportunities that lie ahead (23.68%)

They should focus on the future, understand disruption and the level of risk maturity (19.3%)

Risk modelling and thinking about the future should be part of every team’s regular meetings throughout the year (44.74%)

They should think like futurists if they are to guide their organisations through the next decade (12.28%)

With the allegations against CMS’s investigations head, Stephen Mmatli, do you believe this will taint the CMS’s role?

Yes (49.23%)

No (18.46%)

Only time will tell (32.31%)

Which contestant of The Insurance Apprentice 2019 do you believe has the reinstatement card?

Colin Lunsky (23.53%)

Ditebogo Mokgalabone (5.88%)

Gillian Riley (8.82%)

Jake Pennacchini (2.94%)

Kishan Vanmali (8.82%)

Mitesh Lakha (17.65%)

Palesa Mochane (17.65%)

Reese Aron (14.71%)

Can prescribed assets help SOEs recover from the dire situation that they find themselves in?

Yes. It is up to us to make sure that SOEs are sustainable. (30.77%)

No. Not enough money in the world will solve corruption and poor financial management. (69.23%)

A new year brings new opportunities. Do you feel that 2019 will be a good year for the industry?

Yes. This year will be a great year! (50.32%)

No. There are still to many challenges in the market. (26.75%)

Maybe. It is to soon to tell. (22.93%)