Tag: long-term insurance
Growing the long-term insurance industry in times of economic downturn
The insurance landscape is one of ever-changing complexity. The regulatory environment is shifting, consumer expectations are changing, while fast-developing technologies require business models to become more refined to enable innovation, improve risk management and deliver greater value to clients.
The end of insurance commission regulation
Fixing prices is not the terrain of the Financial Services Conduct Authority (FSCA). In a recently published article, my colleague Dr Brian Benfield called for the outright abolition of regulatory price fixing with regard to the distribution of insurance products (i.e. insurance commission regulation Biznews). Indeed, it is astonishing that these regulations still exist.
The life insurance industry in a COVID-19 era: where to now?
The impact of COVID-19 on the life insurance industry was recently highlighted when the Association for Savings and Investment South Africa (ASISA) released their 2020 statistics for the sector. ASISA reported that South African life insurers paid out claims and benefit payments worth R522.7 billion last year, representing a significant increase of R31.7 billion when compared to 2019.
