Technology has the potential to bring significant innovation to the insurance industry. For advisers, the opportunity is to develop the ability to deliver personalised, high-quality advice digitally, building a profitable core of customers in the process, says Steve Piper, Chief Distribution Officer at Bidvest Life.
nCino is assisting with building the bank’s Business Banking loan management system, optimising its simplicity and efficiency in line with Capitec’s mission to help clients bank better to live better.
Despite the disruptions caused by Covid-19 – or perhaps because of them – now more than ever, financial advisers are using technology in every aspect of their practice and in their dealings with clients. Is an essential human connection getting lost, and has the time come to restore the human touch?
Technology has practically taken over in most spheres of existence – from business transacting to personal and everyday activities like shopping, staying in touch, as well as education – and insurance is definitely a sector that is not exempt from this ‘technological takeover’.
There are thousands of investors tirelessly scanning the global equity markets to find the next Apple, Alphabet, Amazon, Microsoft or Tesla. They are part of an unofficial ‘gold rush’ aimed at uncovering the next big winner. To stake your claim requires expert knowledge of financial markets and a clear understanding of the trends that are most likely to drive investment returns over the next decade.
Change in the last 18 months has been rapid, with business and advice moving online in a matter of weeks. Zoom alone grew from around 10 million users in 2019 to 300 million users in April 2020. And while advisers and brokerages have adapted to the new environment, many would have liked a little more time to prepare.
The South African equity market, which represents less than 1% of the global equity market, does not offer much exposure to current global megatrends, so the new Discovery Global Megatrends Fund is an option for unlocking these opportunities and for providing diversification in portfolios.
Visit the official COVID-19 government website to stay informed: sacoronavirus.co.za