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The Gauteng Department of Roads and Transport and the South African Insurance Crime Bureau (SAICB) today launched an intensive 10-day training programme for government officials to tackle problems relating to fraud, corruption and vehicle related crimes at Driver License Testing Centres (DLTCs) and other vehicle registration offices.
Many South Africans do not realise that most South African insurance companies use credit-based insurance scores to help determine risk, and that this score is one of the leading factors used to calculate the premium consumers will pay for their insurance. This is why is it important for people to understand how their credit-based insurance score works to ensure they receive the best premium.
In light of the implementation of the Consumer Protection Act (CPA), it is imperative that South African retailer owners ensure that they have implemented all precautions that can reasonably be expected of them, not only to protect their customers - especially in the event of alleged liability cases due to negligence - but also to safeguard themselves financially.
Sir Isaac Newton once remarked that, “If I have seen further, it is by standing on the shoulders of giants”. This is similar to Winston Churchill’s expression that, “the further back you look, the further forward you are likely to see”.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?