Facing the journey of a thousand miles
As South Africa enters into the festive season, it also braces itself for the period which results in the largest amount of road deaths. This is of significant concern to the public and the insurance industry as statistics show that only 35% of vehicles on the road are insured.
When does the relentless paying end?
According to the Financial Services Board (FSB), the Financial Planning Institute, the South African Insurance Association (SAIA) and Government, high costs are one of the biggest challenges that is affecting the financial services industry. The increased costs are not limited to fuel, toll gates and food only but affect the financial services industry quiet significantly as well, particularly in retirement and motor vehicle repairs.