PLAYING A CATCH UP GAME – Can we win the war against vehicle crime?
The latest crime statistics show that a car or motorcycle is stolen every 13 minutes in South Africa.
The scary part is that hijackings have also increased at the same rate.
Are car thieves “Out-innovating” US?
As vehicle technology improves, so do the techniques of the criminals. It is a race between several sectors, for the heart of the car. On the one hand, the protagonist – The guy with a mandate to relieve the owner of her/his vehicle and, on the other hand, the car owner, the motor manufacturer, the insurer and the vehicle security experts (mostly tracking companies).
The big increase in vehicle theft and hijacking numbers have put pressure on insurers to increase premiums and/or include stricter security measures in their minimum requirements, some now requesting a backup tracker for certain “red carded” vehicles.
COVER had a live session to discuss these trends and we publish several articles on the topic in our All things wheels feature this month.
If you would like to know how to protect the risk profile of your motor book and assist your clients to stay safe, we have some content in our March issue that can assist.
Enjoy the read,
Tony
Why is your motor insurance premium increasing?
View the flipbook version:
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Financial Planning
- Understanding insurance-linked securities and how they work
Beat Holliger, Head of Product Management, ILS at Schroders - Correlations and valuations – why both matter Anet Ahern, CEO at PSG Asset Management
- Living longer is a risk – at least for you finances!
Mariska Comins, Head of Technical Support, PSG Wealth - ‘Two-pot system’ commencing 1 march 2024
John Anderson, Executive: Investments, Products and Enablement, Alexforbes - Insurance that pays monthly
Bidvest Life CEO Lulu Rasebotsa
#knowledgeshared
Investment
- Shielding against artificial intelligence
Paul Nixon, head of behavioural finance at Momentum Investments - Stay true to these three investment traits Pieter Hundersmarck, portfolio manager at Flagship Asset Management
- Safe-haven assets running out of steam?
Adriaan Pask – CIO of PSG Wealth - Can you have your cake and eat it?
Willem Schramade – Head of Sustainability Client Advisory at Schroders - A balancing act: Navigating the Savings, Investments and Speculation triangle
Renzi Thirumalai, FNB Investment Head
#knowledgeshared
All Things Wheels
- Vital role of fleet insurance for trucks
Karen Rimmer, Head of Distribution at PSG Insure - Consumers and written off cars SAMBRA National Chairman, Charles Canning
- Trends driving change in car insurance
Rochelle De Lucia, CEO of King Price Insurance’s commercial division - Staying on top of car insurance trends
Thokozile Mahlangu, CEO of IISA - The fascinating developments in motor insurance Old Mutual Insure, Lizo Mnguni
- The Motor Theft Trends: How the Insurance Industry is Combating the Growing Problem Elite Risk Accepatance
- Securing Insurance Premiums in a Time of Inflation Robin Wagner, senior vice president: of International Insurance at TransUnion
Great news for all Brokers!
WITH EVEN GREATER MUSCLE NOW,
RENASA WILL BE ABLE TO REACH A LOT MORE
BROKERS!
RENASA – THE BROKERS even better BEST FRIEND
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Short Term
- Highlighting the Perils of Underinsurance
Mandy Barrett of Aon South Africa - Job hunting in the fast-moving insurance niche Vanessa Rogers on behalf of Executive Placements
- Insurance implications: remote working vs. running a small business from home
Karen Rimmer, Head of distribution at PSG Insure - Creating Value for Members and Communities
Robyn Carter, IIWC President and Western Cape Branch Manager at Lombard Broker Partners
#knowledgeshared
Technology
- How will ChatGPT impact customer experience, service, and marketing
Wimpie van Der Merwe (CEO, Global Choices) - Humans should lead cybersecurity strategy Kevin Halkerd, Senior Risk & Security Analyst at e4
- The potential of AI in resolving financial services providers’ challenges
Bryan McLachlan, Managing Director for Africa at CyborgIntell - Vision, commitment, action = success
Co-CEOs of Genasys Technologies, Andre Symes and Craig Olivier - Employee experience is vital to successful customer communications
GhostDraft South Africa
