What do the Crime Statistics 2009 tell us, specifically regarding Car Insurance?

We added a blog story yesterday titled “Crime statistics confirm the need for car insurance!”. This was done shortly after the release of the crime statistics for South Africa by the Minster of Police. We made reference to increases in vehicle hijackings and truck hijackings. The full report has now been made available and there…

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Be alert to the types of Car Insurance Fraud

Many have asked the question – “Why are car insurance premiums so expensive?” This question has multiple answers including theft, road conditions, escalating costs of vehicle repairs etc. Unfortunately many insurers have to increase car insurance premiums due to the substantial rate of fraud in the car insurance industry. Industry experts have estimated that from…

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Insurance industry survey also reflects on car insurance in South Africa

The 2008 Insurance Survey reveals the significant impact of the credit crunch on the insurance industry in South Africa. A KPMG survey of the insurance industry examined the financial results of insurers for the 2008 financial year. The survey confirms interesting industry trend and identifies specific risks to the industry. According to a KPMG statement,…

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