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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 applauded the proactive measures announced by Hollard Insure and Momentum Short Term Insurance (MSTI) this week to relieve pressure on the highly stressed automotive aftermarket.
In recent years various global and South African factors have together culminated in increased pressure on (re)insurance capacity in the Directors’ and Officers’ (“D&O”) Liability Insurance market.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?