South Africa’s only summit wholly dedicated to exploring the risks, challenges and trends in the life insurance industry officially commenced today at Sun City and will conclude on Wednesday, 4 March 2015.
This, one of a kind event, aimed at financial advisers, focuses on life insurance-related risks and the way the insurance industry is evolving. Fuelled by a passion for life insurance and a desire to innovate, be different and grow, the Momentum Risk Summit of 2015 offers content that inspires and will assist financial advisers to develop a deeper understanding of how consumers interpret information and behave during tough economic times.
Local and international speakers were hand-picked to share thought-provoking content as a result of the changing landscape of the insurance industry. The first day will kick-off with Mark van der Watt, Momentum Retail’s Chief Executive Officer, explaining how to unlock the opportunities that exist in the current risk environment with specific reference to the recently released Retail Distribution Review (RDR) paper. This will be followed by an array of impressive speakers including UK based, Andy Preston who is regarded as the world’s top sales speaker. His unique sales insight and techniques is sure to equip financial advisers with unrivalled practical know-how that will change the way they grow their businesses.
Neill Müller, Head of Momentum Myriad Product Development is next in line and will highlight the tax changes in Income Protection benefits and all related implications thereof.
Continuing, Professor Sarah Harper, renowned expert and researcher on the global impact of longevity, will share her insight with attending delegates. This is because of the ever increasing popular topic of longevity and how this will impact the insurance industry going forward. Based at the University of Oxford in the UK, Professor Harper’s research efforts have propelled her to become an international expert on population changes and during her presentation she will share her forward-thinking trends. By understanding the trends and numbers behind the different continental population expansions and changes as a result of longevity, financial advisers will be presented with one of the biggest opportunities in the insurance industry.
The rest of the day’s content is sure to keep the audience at the edge of their seats with, amongst others, Momentum’s Chief Medical Officer, Dr. Adela Osman emphasising the very-often-underestimated importance of critical illness cover andDr. Roelof Botha, a prominent economist, painting a picture of South Africa’s economy that is vastly different to the current economic climate which includes aspects like low economic growth, labour unrest, corruption and decaying infrastructure.
Day two of the Momentum Risk Summit 2015 is set to continue in the same exciting fashion with Brian Gibbon, Chief Underwriter for Swiss Re Life and Health, who will explain the drastic changes in consumer behaviour and expectations as a result of various dynamics. Chantell Ilbury, scenario strategist and best selling author, will provide insight on how best to predict the future by using scenario planning and then examine the trends that will enable her to flag the most likely outcomes.
Focusing more on the aspect of financial planning, well known Advocate Wessel Oosthuizen, in his capacity as General Manager of the FPI Centre for Professional Development, will highlight the fact that personal risk management has become the forgotten area of financial planning.
Other fantastic speakers on the second day includes Stephen van Niekerk, Head of Momentum Myriad that will emphasise how risk products are becoming more and more relevant to clients and how this can lead to substantial growth for financial advisers’ businesses. Also, UK based financial adviser and international speaker, Derek Mills will share his winning recipe where he turned his life around by finding his own secret to success, which saw him becoming an overnight, multimillionaire.
In addition to this, delegates will also enjoy the following value-adds:
- FPI members will earn themselves 7.5 CPD points;
- Delegates will be privy to a sneak-peek of some new, exciting Momentum Myriad products that will be launched later on in the year;
- Delegates will be first in line to have access to the 2014 Momentum claim statistics and trends that emerged from this;
- The opportunity to freely network with Myriad specialists to suggest enhancements to the existing Myriad product line.
As in the past, this year’s Momentum Risk Summit will provide the perfect platform for financial advisers to establish mutually beneficial partnerships. The desire to mingle with like-minded industry professionals offers numerous opportunities to compare business practices and discover new ways to secure business growth in a sustainable manner.
