Tag: resilience

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 Africa Report 2022 has revealed a continent that has shown stable growth, increased innovation and consistent reform in a bid to create a competitive environment, foster free trade and improve the investment climate. For investors navigating the 54 different countries and relatively opaque market – only a few provide key economic and business data – the landscape is changing, providing greater clarity, visibility and opportunity. 

With the workplace constantly changing, and with almost every facet of industry and business having experienced rapid shifts in the last three years, the need for specific skillsets has changed accordingly. Soft skills are on the rise as a contributing factor for success in today’s post-pandemic world, because they lubricate change, amplify agility and strengthen resilience.

Economic forecasters agree that the world is currently in a stagflation cycle with the possibility of a recession on the cards and commercial property owners who don’t take appropriate action and adjust their thinking stand to lose considerable value on their investments.

According to McKinsey, the tech-enabled insurer of the future will bear little resemblance to the institutions that exist today. Digitalisation, cloud computing, robotic process automation, and the Internet of Things are just some of the elements influencing the direction of the industry.

What’s the next black swan likely to be? A black swan is a potentially dire unexpected event – the pandemic being a perfect example. An Eskom grid failure could be next. Or another devastating drought? A massive cyber-attack? 

The COVID-19 pandemic has shaken our society to its core. Many family members, colleagues, friends or acquaintances have either lost their lives or been infected. As devastating as the virus has been to livelihoods and communities, there have also been several silver linings.

The life insurance and annuity industry proved resilient in 2021, even in the face of the many challenges associated with COVID-19. It’s now a given that the pandemic forced insurers to adopt digital technologies and operate more in the digital space. This digital shift is the source of the industry’s resilience as more companies, and customers, enjoy the benefits of their digital transformations.

Are you feeling tired, overwhelmed, or feeling that life is passing by in a blur? This book is for you. Mindfulness: How to Stay Sane in an Insane World teaches you that there is a better way to live so that you feel intentional, super-productive and mindful.

The South African corporate sector invests millions each year to support community development and social programmes. Many corporates, however, often lack the tools to measure and report on the impact of these initiatives. Often organisations report on the actions taken, input and investment rather than the outcomes.