Crash report: Reckless driving comes at a price, and a higher premium

The Road Traffic Management Corporation (RTMC) released the “South African Crashes in Context” report recently, which details the cars involved in most fatal crashes in South Africa from Oct 2017 to June 2021. According to the report, Volkswagen Polo cars are involved...

Riot insurance cover to soar by up to 1736%

The cost of insuring a heavy commercial vehicle (HCV) against loss or damage due to civil commotion, riots, strikes and terrorism could soar by as much as 1736% as South Africa’s special risks insurer sets about rebuilding its balance sheet after a horrific 2021. This...

Aarto is ‘dead in the water’ – Outa

Does not believe the legislation can be rewritten to make it constitutional. The Organisation Against Tax Abuse (Outa) believes the implementation of a single national system for the administration for road traffic offences in South Africa is “dead in the water”. This...

Debunking myths that might be holding back AI adoption

Artificial intelligence (AI) will account for as much as $15.7tn of the world economy, Bloomberg expects. Of that figure, an estimated $6.6tn will come from businesses’ ability to be more efficient via automation and freeing their workforces to work on other...

Insurance is About to Change

King Price CEO GIDEON GALLOWAY outlines the four trends that will shape the short-term insurance industry in 2022 It’s two years into a world ravaged by the Covid-19 pandemic – and just when you thought it was safe to start living a relatively normal life again, along...

Christmas home invasions up 33% in SA, data shows

Night-time incidents (occurring between 6pm and 6am) have increased by 10% during the December month. New data from Auto & General Insurance has revealed a 33% spike in home invasion claims over the festive period, particularly between Christmas week and new year....