Amicus June 2017

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Old Mutual recently launched two exciting initiatives to help us stay relevant in a technologically transforming world, and create value for our customers. Finding the big ideas Old Mutual's new partnership with Startupbootcamp InsurTech, a London-based accelerator programme, will give us access to the foremost innovation and entrepreneurial thinking in the insurance space. We will use the partnership to explore how to streamline, reorganise or redesign our business model, legacy processes and systems to meet customers’ changing needs and enhance their experience. Old Mutual will tap into the most innovative solutions emerging from the accelerator's 10 start-ups in 2017 by learning from these players and potentially procuring their services, partnering with or investing in them. Approximately 2 500 startups were scouted since July 2016 and only 10 selected from all over the world, including three from South Africa, to participate in an intensive 3-month Acceleration Programme that began in January this year. During the Programme, startups receive skills and tools relaying efficient methods of shaping, building and selling their propositions. Further, they are supported by an extensive network of insurers, angel investors, mentors and various other valuable resources. The Programme then culminated in a Demo Day at the end of April during which the startups (including a Startup-in-Residence) pitched their ideas to over 850 investors, mentors, partners, and media. Artificial Intelligence (AI) emerged as the key advanced technology to have the most potential to impact the insurance industry – 80% of Startupbootcamp InsurTech’s 2017 cohort is leveraging AI in their propositions to develop new products and services. The insurance market is ripe for change, and through collaboration a bridge is gradually being built to connect the two converging worlds. Amicus June 2017.indd 14 2017/05/30 12:14 PM
‘This partnership gives us early exposure to numerous emerging developments in InsurTech across the globe,’ says David Marshall, Chief Commercial Officer of Old Mutual Emerging Markets, and makes it possible to explore various engagement prospects with startups ranging from observation to experimentation to partnership to investment. ‘The start-ups in turn have the opportunity to leverage our expertise, experience, resources and talent to build more compelling commercial propositions. The result is a mutually beneficial exchange that empowers both parties to achieve their core objectives. Over 450 startups have been accelerated by Startupbootcamp’s various programmes globally, and they have collectively raised over €240 million in investment. 2017 is the second year in which the InsurTech programme is being run and it will wrap up in 2018. Technology is evolving at a breakneck pace, not only for individuals, but for companies and governments too. The 2017 World Economic Forum in Davos had a big focus on the 'fourth industrial revolution' (tech developments, automation and digitisation) to discuss the impact the changes will have on industries and the world in general. 15 INNOVATION T here’s no doubt anymore that technology and digital devices make our lives easier. In South Africa, 49% of the total population are active internet users and spend more time looking at their smartphones than any other screen. So why not use technology to help us manage our finances? In February, Old Mutual Wealth launched My Wealth Trader, an intuitive online trading platform offering access to local and global shares anywhere, anytime and across all smart devices. For Old Mutual, the ease of doing business is top of mind, so opening a new account or switching an existing portfolio is quick and seamless. You can also stay up to date with economic news through a news feed, which you can customise to your preferences. So whether you’re chilling in sunny Cape Town, or cycling through the landscapes of Italy, you can now trade wherever, whenever. My Wealth Trader was first launched to employees around the country and Mutualites had the opportunity to step into a virtual world to see real-time trades, view stock watch lists and explore market news. ‘The VR experience was pretty cool, I loved it! What stands out the most about My Wealth Trader is the quick response, access to information and competitive fee structure.’ JOHANNES NOTHLING Product Development ‘The VR experience was a nice way to showcase the ease of access to the trading platform. I like that you can trade from any device, whether tablet or phone. This is important because you want to be able to trade on the move.’ ASHAYLIN NAIDU Product Development ‘The VR experience was unique. It’s the future. What stands out the most about MyWealth Trader is that it’s easy to access and use.’ LOUIS DU PLESSIS Business Development Amicus June 2017.indd 15 2017/05/30 12:14 PM
Page 1 and 2: CELEBRATING 172 YEARS THE POWER OF
Page 3 and 4: 03 ON THE COVER EDITOR’S NOTE T 0
Page 5 and 6: OMEM’S SECURITY IMPROVEMENT PROGR
Page 7 and 8: 07 BIRTHDAY CELEBRATIONS Amicus Jun
Page 9 and 10: THE GREAT ICE-OFF Teams of Mutualit
Page 11 and 12: In the build-up to the main event,
Page 13: Three of our senior executives, Joe
Page 17 and 18: 17 1. DO POINT OUT THAT YOU’RE NO
Page 19 and 20: 19 Old Mutual is committed to econo
Page 21 and 22: 21 RESPONSIBLE INVESTMENT The parki
Page 23 and 24: Launch of Old Mutual Botswana Life
Page 25 and 26: Flying high in the Free State Tshep
Page 27 and 28: POSTCARD THE POSTCARDS FROM PARADIS
Page 29 and 30: 29 Imtithaal Dawood, top MAP studen
Page 31 and 32: A SAMSUNG GEAR FIT2! To keep you ac
Page 33 and 34: 33 OVER TO YOU What’s your depart
Page 35 and 36: 35 MFC STAKEHOLDER BREAKFAST Mass F
Page 37 and 38: PROMOTING HEALTH AND SAFETY OMEM He
Page 39 and 40: Read your Amicus when and where it

Amicus June 2017

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