‘Massive opportunity for regrowth’: How to revive the risk advice sector

In this episode of The ifa Show, host Keith Ford is joined by Marc Fabris, founder of Risk Hub, to discuss how technology and artificial intelligence are being used to boost efficiency in the advice process, making risk advice commercially viable for holistic advisers.

While commissions have certainly played a significant role in the exodus of holistic advisers from the risk sector, Fabris explains how regulatory changes and compliance requirements have made risk advice more challenging and expensive, which has ultimately led to an underinsurance issue in Australia.

Listen as they discuss:

• The likelihood of government addressing risk commissions soon.
• How collaboration with insurers could streamline the risk advice process.
• Why advisers need to embrace AI to stay competitive for the future.