Mutual and Federal considers rebrand in South African retail market
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The property and casualty arm of Old Mutual is looking at the possibility of rebranding in order to give the firm more presence in the marketplace; the outcomes of any possible rebrand will be announced later in the year.
Old Mutual’s operations in South Africa dropped by 6 percent, from 64 percent of the group’s total earnings, from 70 percent in previous years. However, last year they reported a significant turnaround, achieving an underwriting profit of 79 million rand from a 469 million rand loss in 2013, which is a significant achievement.
CEO, Raimund Snyders said: I think we’ve got some innovative products […] Even though the economy might be slower, our business is going to keep moving forward.”
Recent years have seen Old Mutual expand across the African continent through acquisitions in Kenya, Ghana, and Nigeria. Their success has been cemented through their purchase of a 20 percent stake in the pan-African bank Ecobank International, which has enabled them to become the bank’s preferred insurer.
Whilst the brand review has not yet been fully concluded, Emerging Markets CEO Ralph Mupita admitted that the resulting brand: “might not be mutual and federal.” It will certainly be interesting to see what effects their rebranding will have ain the near future.
Old Mutual to increase African footprint by $1 billion in sustainable investments: http://www.africa.businesschief.com/finance/1792/Old-Mutual-to-increase-African-footprint-by-1b-in-sustainable-investments
Old Mutual announces plan to expand across Africa: http://www.africa.businesschief.com/finance/1161/Old-Mutual-announces-plan-to-expand-across-Africa
VIDEO – Old Mutual: Savings and Africa’s future:
SAS: Improving the British Army’s decision making with data
SAS’ long-standing relationship with the British Army is built on mutual respect and grounded by a reciprocal understanding of each others’ capabilities, strengths, and weaknesses. Roderick Crawford, VP and Country GM for SAS UKI, states that the company’s thorough grasp of the defence sector makes it an ideal partner for the Army as it undergoes its own digital transformation.
“Major General Jon Cole told us that he wanted to enable better, faster decision-making in order to improve operational efficiency,” he explains. Therefore, SAS’ task was to help the British Army realise the “significant potential” of data through the use of artificial intelligence (AI) to automate tasks and conduct complex analysis.
In 2020, the Army invested in the SAS ‘Viya platform’ as an overture to embarking on its new digital roadmap. The goal was to deliver a new way of working that enabled agility, flexibility, faster deployment, and reduced risk and cost: “SAS put a commercial framework in place to free the Army of limits in terms of their access to our tech capabilities.”
Doing so was important not just in terms of facilitating faster innovation but also, in Crawford’s words, to “connect the unconnected.” This means structuring data in a simultaneously secure and accessible manner for all skill levels, from analysts to data engineers and military commanders. The result is that analytics and decision-making that drives innovation and increases collaboration.
Crawford also highlights the importance of the SAS platform’s open nature, “General Cole was very clear that the Army wanted a way to work with other data and analytics tools such as Python. We allow them to do that, but with improved governance and faster delivery capabilities.”
SAS realises that collaboration is at the heart of a strong partnership and has been closely developing a long-term roadmap with the Army. “Although we're separate organisations, we come together to work effectively as one,” says Crawford. “Companies usually find it very easy to partner with SAS because we're a very open, honest, and people-based business by nature.”
With digital technology itself changing with great regularity, it’s safe to imagine that SAS’ own relationship with the Army will become even closer and more diverse. As SAS assists it in enhancing its operational readiness and providing its commanders with a secure view of key data points, Crawford is certain that the company will have a continually valuable role to play.
“As warfare moves into what we might call ‘the grey-zone’, the need to understand, decide, and act on complex information streams and diverse sources has never been more important. AI, computer vision and natural language processing are technologies that we hope to exploit over the next three to five years in conjunction with the Army.”
Fundamentally, data analytics is a tool for gaining valuable insights and expediting the delivery of outcomes. The goal of the two parties’ partnership, concludes Crawford, will be to reach the point where both access to data and decision-making can be performed qualitatively and in real-time.
“SAS is absolutely delighted to have this relationship with the British Army, and across the MOD. It’s a great privilege to be part of the armed forces covenant.”