The finalists for the 2017 FIA Awards have been confirmed and the winners will be announced 8 June at the Sandton Convention Centre in Johannesburg. The 2017 FIA Awards finalists emerged after an extensive survey of the FIA’s membership, conducted by South Africa’s largest independent research firm, Ask Afrika.
Now in its 19th year, the annual event provides an opportunity to reflect on the value of good financial advice in achieving the industry’s overarching goals of consumer protection, financial inclusion and transformation.
“Our challenge to Ask Afrika was to reconceptualise and reinvigorate the awards process without straying too far from a selection process that has been fine-tuned over 19 years,” says Lizelle van der Merwe, CEO of the Financial Intermediaries Association of Southern Africa (FIA).
“Although product suppliers walk away with the accolades, the awards are also a celebration of the value that financial advisers, insurance brokers and other financial advice professionals bring to the industry,” adds Van der Merwe.
Special care was taken to match the ‘old’ and ‘new’ methodologies to ensure that the results accurately reflect FIA member brokers’ experience of product suppliers in so far as product quality, service quality, relationship quality and overall satisfaction. More than 8 000 contracts were rated by FIA members in the process, explains Sarina de Beer, managing director at Ask Afrika.
The 2017 survey process was improved with the introduction of a more robust diagnostic questionnaire to gain further insight into key issues facing FIA members and the wider intermediated distribution environment.
The finalists of the 2017 FIA Awards, listed alphabetically under each of 10 awards categories, are:
Short Term Insurer of the Year – Personal Lines
Auto & General, Hollard, Momentum, Renasa and Santam
Short Term Insurer of the Year – Commercial
Auto & General, Guardrisk, Hollard, Renasa and Santam
Short Term Insurer of the Year – Corporate
Bryte, Hollard and Santam
Underwriting Manager of the Year
CIA, KEU, Leppard and Paladin
Life and investments
Long Term Insurer of the Year – Risk
Hollard Life, Momentum and PPS
Product Supplier of the Year – Investment Product Lump Sum
Allan Gray, Liberty and Sanlam Glacier
Product Supplier of the Year – Investment Product Savings
Allan Gray, Old Mutual Wealth and Sanlam Glacier
Product Supplier of the Year – Employee Benefits
Liberty Corporate, Momentum EB and Sanlam EB
Product Supplier of the Year – Healthcare
Discovery Health, Fedhealth and Momentum
Product Supplier of the Year – Health Insurance
Sirago and Stratum Benefits