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With millions of South Africans about to go away for the holiday season, the last thing people think about is potential problems that could arise while they enjoying a well earned break.
Keith Kennedy, executive general manager for Claims at Mutual & Federal says that for every R1 a policyholder pays towards his or her monthly premium, 60% to 70% is spent on claims.
"An increase in the awareness of compliance issues due to the King II report, has highlighted the onerous liability placed on directors and officers of companies," said Catherine Ferreira, a director of specialist services at Alexander Forbes Risk Service
On average the black economic empowerment (BEE) expenditure from short term insurance companies on damaged vehicle repairs has been less than desirable.
If I were tasked with taking my firm’s customer experience (CX) to the next level, I would: