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Auctions as a means of bringing buyers and sellers together have been around for centuries. So it was only a matter of time before exotic and collector vehicles entered this surge in demand.
Was it possible to foresee that a bystander not utilising a service or a product would seek redress under the Consumer Protection Act as a consumer of that product or service and would be eligible for compensation under the Act? Until recently, the answer to this question was ‘no’.
We all know the saying ‘buyer beware’, which means that the purchaser of a product or service assumes the risk that the product might be either defective or unsuitable for his or her needs.
The Underwriting Management Agency (UMA) model was introduced to South Africa in the late 1980s to cater for the niche insurance needs of both consumers and businesses.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?