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Restrictive Insurer Supplier Panels anti Competition Guidelines

23 March 2020

The South African Motor Body Repairers’ Association (SAMBRA), whose members are responsible for repairing over 80% of all insured repair claims in the country, has been one of the strongest advocates for a free market strategy as well as the entrenchment of client’ ‘right of choice’ of service provider.

Compulsory third party cover ‘would be welcomed’ – but challenges await

09 March 2020

Third party motor vehicle insurance in South Africa could soon be compulsory, if Finance Minister Tito Mboweni’s 2020 Budget Speech is anything to go by – but it would face major challenges to its implementation, including affordability and the ability to enforce any new legislation, says insurer King Price.

Reduce this risk

03 March 2020

During his tabling of the 2020/21 budget speech in parliament last week, Finance Minister Tito Mboweni soothed the motor insurance industry when he hinted that compulsory third party motor insurance, which is used for covering third-party injuries and/or deaths in car accidents, should be considered by the short term insurance industry and proposed a “debate” about it.

Insurance discounts will drive dash cam take up

26 February 2020

One in five motor insurance customers were using a dash cam in 2019, according to leading data and analytics company GlobalData’s 2019 UK Consumer Insurance Survey, and Insurtech Inzura’s white-labeled dash cam offering has the potential to increase uptake considerably - reducing premiums for policyholders.

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