While there was is no place for the “hawking” of Life Insurance products from unwanted high-pressure sales, direct selling still has a key role in the industry if it is done ethically.
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Australia’s Life Insurance industry was set for a “rocky” few years ahead, but consolidation and the arrival of new international players along with improved data management were pointing towards a brighter future.
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The science is clear. Performance at work, including strong thinking, problem-solving, good decision-making and ethical behaviour are enhanced when we feel safe.
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Australian RegTech companies are among the most advanced in the world, but they face challenges in having their solutions adopted by the large organisations largely because of inflexible procurement practices.
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What influence do you think technology is having on the sector? And are you anticipating further disruption in a particular area of life insurance?
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