Explore the Category
While South Africa continues to face a challenge with young drivers who are notoriously recognised as ‘unsafe and aggressive’ on the roads, Momentum Short-term Insurance (MSTI) is determined to assist in curbing such behaviour by encouraging and rewarding safer driving habits through its Safe Dayz™ app feature.
If the crystal ball-gazers are to be believed, hardly any of us will own our own cars in the next 10 years. We won’t even do our own driving, as fleets of self-driving cars whoosh us silently to where we want to go. And as car ownership plummets, the car insurance industry will collapse in on itself. Another legacy wreck on the side of the highway of progress.
Anyone currently active in the MBR sector, who has their head buried in the sand thinking they can continue to do business as usual, will probably be out of business in three years. This applies to each of the key players in the formal MBR sector including short term motor insurers; insurer intermediaries; OEM approval programmes; OEM and alternative part suppliers; Paint and equipment suppliers and MBRs servicing that market.
An industry with the spending clout of the automotive industry ought to be doing a great deal more regarding enterprise and supplier development (ESD), delegates heard at the South African Motor Body Repairers’ Association (SAMBRA) Enterprise & Supplier Development Conference on 17 October 2019 at Emperors Palace.
How is your business leveraging the efficiencies and scale offered by technology without diluting your human edge?