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The rise in building collapse incidents across South Africa has brought to the fore, the very real health and safety issues facing those operating in the construction industry, particularly from the perspective of where the liability for such incidents resides.
One of the most important aspects of life in modern society is that we need to change our traditional thought patterns, in order to address the challenges which are present in society. This is particularly true for the financial services industry which needs to be extra vigilant.
According to the Justice Department, the divorce rate among South African couples increased 28% year-on-year to 50 517 cases recorded in 2013. Unfortunately, not only do these couples face the emotional strain of separation, but they are also more likely to suffer complicated short term insurance claim situations or rejections.
A study by payments company Visa revealed that a shocking 70% of South African (SA) women do not have any short-term insurance cover in place putting them at serious financial risk in the event of a replacement of expensive items due to damage, theft or loss.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?