Additional Forum Information
Registration: 17h45 - 18h00
Forum Start Time: 18h00
Length: 1 hour 30 minutes
Cocktails will be served after the event
Davide Corradi (Milan), Michael Urban (Düsseldorf), Adam Ikdal (Johannesburg) and Euvin Naidoo (Johannesburg), four Boston Consulting Group (BCG) financial services practice experts, will be outlining the latest megatrends observed in the global insurance industry, exploring some of the implications for South Africa and the broader African market.
Widespread change in technology, regulations and customers are driving the financial services industry to undergo a fundamental shift in terms of their business models. Globally, financial services players and insurers are facing new challenges. Rapid paced change in consumer expectations are the norm in an ever more connected market. Along with new technologies, this is enabling the simplification and customisation of products, improving ease of access. The digtisation of the sector is altering both the status-quo operating procedure and competitive landscape, leaving some incumbents struggling to keep up with the pace of change. Simultaneously, new regulatory measures are providing greater customer protection and thereby squeezing margins and resulting in a reduction of traditional commission based sales methods.
Join the discussion on the rapidly changing way of doing business as financial services and the insurance industry adapts to a new reality.