Other Polls
As we head into 2016, we would like to find out what issues you the broker would like more coverage of or seminars of:
Ran from 11 Dec 2015 to 25 Jan 2016| TCF (10.53%) |
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| RDR (41.23%) |
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| POPI (8.77%) |
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| SAM (3.51%) |
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| CPD (3.51%) |
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| Data (4.39%) |
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| Telematics (3.51%) |
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| Strategies to move to a fee based model (24.56%) |
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Is the industry becoming increasingly challenging for advisers?
Ran from 23 Nov 2015 to 10 Dec 2015The FSB's "Status Update: Retail Distribution Review Phase 1" is available for comment. Will you take the time to read it and submit comment?
Ran from 12 Nov 2015 to 22 Nov 2015There are increased calls for personalised insurance products. Can this be a reality in South Africa?
Ran from 28 Oct 2015 to 11 Nov 2015| Yes. There is major scope in certain industry sectors. (83.33%) |
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| No. Why fix something that isn’t broken? (0%) |
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| We have already moved towards this trend. (16.67%) |
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Do you feel initiatives such as The Insurance Apprentice has a role to play in attracting industry skills?
Ran from 20 Oct 2015 to 27 Oct 2015| Yes, definitely, no doubt. (57.58%) |
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| Yes. But we need to bring it into schools. (21.21%) |
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| No, This adds no value (21.21%) |
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| Unsure of The Insurance Apprentice (0%) |
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There is a significant skills shortage in the industry. What is the best way to address this?
Ran from 23 Sep 2015 to 19 Oct 2015| Start at school level by increasing financial literacy and focusing on the important role that insurance plays in society. (83.33%) |
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| Aggressively target university students with flyers saying: The Insurance Industry Needs You! (1.28%) |
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| Insurers should engage with students more offering promising students’ academic bursaries. (15.38%) |
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You client needs to cut costs. What is the first type of product that is likely to be dropped?
Ran from 08 Sep 2015 to 23 Sep 2015| Short-Term Insurance, they will take their chances on the roads and with criminals. (10.48%) |
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| Life Insurance, it’s a grudge purchase where they will never see the benefits. (16.94%) |
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| Investments, retirement is far away, I’ll worry about it closer to the time. (72.58%) |
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Is there still a mindset in the industry that insurance is sold and not bought?
Ran from 31 Aug 2015 to 30 Sep 2015| Yes, and this will always be the case. (34.38%) |
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| No, there is improving demand in some sectors. (34.38%) |
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| This is a deeply rooted problem that will be tough to resolve (31.25%) |
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What is your general view of the insurance industry?
Ran from 13 Aug 2015 to 30 Aug 2015| It is thriving, never been better. (18.64%) |
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| Challenging, regulation will complicate matters. (71.19%) |
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| It’s been the same for some time now. No growth can be found. (10.17%) |
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Will the new amendments to the Medical Schemes Act (Regulation 8) regarding PMBs benefit the industry?
Ran from 31 Jul 2015 to 12 Aug 2015
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