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• Theft continues to intensify • Contact crime at a low • Security tip: Don’t flaunt your valuables on social media
Credit card fraud is still rife in South Africa, but merchants and customers using credit cards still have some comfort in the knowledge that their transactions are protected by the Payment Card Industry Data Security Standard (PCI DSS). The key tenets of PCI DSS is to prevent fraud.
Crime is an unfortunate reality of South African life. Insurers also keep a careful eye on these statistics as they are heavily invested, through policyholders, in the households that are affected by crime. Many industry commentators have commented how costs are affecting the industry and that if it is not managed properly rates could change as costs get passed onto policyholders.
In South Africa’s ever-changing political climate it’s refreshing to hear a little bit of good news every now and then…
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?