If you would like to read more, why not subscribe today. Sanlam signs up UK's Marlborough Stirling Life companies are unlikely to survive into the next decade without acquiring sophisticated database administration systems.
Billions are at stake, and millions have to be spent.
It may be a bit late in the day but South Africa's life assurers are at last realising that they have to find ways of providing both a far better and a far cheaper service at the same time - which is impossible if your systems are still cranking along like Seventies computer juggernauts. In a nutshell, consumers are demanding cheaper products with lower commissions and higher returns. Marlborough Stirling certainly thinks so, and has put its beliefs into practice. The company is the UK's leading independent supplier of third party software solutions for the administration of life and pensions policies, and specialised bank and building society products. It says it has implemented solutions for over 40 clients.