Insurers are seeing a spike in claims for car theft and hijacking in South Africa.
The world’s wealthy have a reputation for adding to their fortunes during crisis, as evidenced by huge jumps in the net worth of the likes of Jeff Bezos and Elon Musk through the 2020-21 Covid-19 pandemic.
The latest South African crime statistics from the South African Police Service show an increase in hijackings across the country over the past quarter.
Following the disruptive Covid-19 lockdowns of the past two years, global supply chains have struggled to normalise, leading to a spike in the price of almost all goods, says Soul Abraham, chief executive for retail at Old Mutual Insure.
Elite Risk managing director Tarina Vlok highlights several pitfalls when using solar power that can potentially result in things going wrong during the insurance claims stage.
Old Mutual Insure (OM Insure) has acquired a 51% stake in ONE Financial Services, a South African short-term insurance service provider.
The demand for used cars has exploded since the start of the pandemic, thanks to a global semiconductor and microchip shortage, which has negatively impacted the availability of new cars. This has also led to soaring prices for second-hand cars,…
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