Edwyn O’Neill CEO Bryte Insurance
CEO Foreword Dear Broker Partner
The past few months were muddied with corruption scandals, a persistently high unemployment rate and a contracting economy. However, it was not all doom and gloom; South Africa had a peaceful and successful election. We at Bryte are optimistic about the initiatives and ambitions that have been set by our new government in rejuvenating the economy and rooting out corruption, both within the public and private sectors.
A digitalised future
As proactive risk mitigation specialists, we have taken the opportunity to use our risk insights to speak about the impact of the Fourth Industrial Revolution (4IR) in the insurance sector, especially considering how it is revolutionising the sector.
In this edition, we gave our team the platform to speak about some of the trends noted in our industry so far this year, the impact of climate change and the 4IR. A focal point of this edition is the “Insurer of the Future” and the implications that will have for brokers and customers.
When conceptualising the “Broker of the Future” programme, we considered initiatives that will empower brokers to adapt to and perform in an evolving sector, to better support customers. Our role, as the insurer, is to facilitate this transition effectively for our broker partners.
Winds of change in the insurance sector
As we have noted in the past, the insurance sector continues to change due to several factors. This edition will touch on some of the opportunities and threats that are presented by changes in legacy systems, the talent gap, climate change and new government regulations, amongst others. Keeping up with these changes and being proactive in the face of an uncertain future is what makes Bryte an Insurer of the Future.
I trust you will find this edition to be as thought-provoking and insightful as I have.