Today, the estimated incurred cost for insurance fraud is a massive R4-billion a year. These expenses are due to many factors ranging from false and inflated claims to exaggerated injuries and illness. Fortunately, telematics represents a fundamental change in auto insurance that may curb the detrimental loss the industry incurs. Given enough time, it is predicted that telematics will surpass traditional methods of risk assessment and profoundly transform the way risk is underwritten.
2 days ago
Speaking at Cape Town's Bandwidth Barn on 17 August 2016, The Blockchain Academy training director and Bitcoin evangelist Lorien Gamaroff unpacked the basics of new digital currencies and blockchain technologies to an audience of curious professionals and students - ranging from financial, engineering, clean energy and social media disciplines to a mixed bag of entrepreneurs and investors.
Terry Levin 19 Aug 2016
The sugar tax battle is hotting up with soft drinks heavyweight, Coca-Cola, saying the levy on sugar-sweetened beverages (SSBs) will threaten thousands of jobs.
17 Aug 2016
Niel Koekemoer and Werner Janse van Rensburg are the winners of the First National Bank (FNB) and PayPal award for the most innovative application using PayPal's payment platform.
25 Oct 2010
Telecommunications form a vital part of doing business today, and in many organisations the cost of this can be in excess of 2% of the company's turnover, or even more in organisations that spend time proactively contacting customers and prospects.
Steven Woods 25 Oct 2010
Most small to medium companies have chosen their accounting firms based on price and, quite often, the company's ability to minimise tax payments. The smart business owner, however, will need to look at other key indicators if they want to minimise their own risk exposure.
25 Oct 2010
FNB released the latest statistics on the building industry yesterday 20 October 2010 for the period up to 31 August 2010.
22 Oct 2010
The Stables Wine Estate, KwaZulu-Natal, has launched Adopt-A-Row, which gives people the chance to become "custodians", having their own little piece of a vineyard in Africa.
20 Oct 2010
ORANGE, US: Secure Payments Systems (SPS), a national leader of value-added payment services and transaction processing in the US and Canada, has announced that it has become the first direct processor of Street Savings mobile marketing products.
20 Oct 2010
A research report released this week by Econometrix shows the ANC's proposed budget for a National Health Insurance (NHI) scheme requires exceptionally high economic growth of 7% per annum and, if implemented in its current form, could squeeze out other forms of spending such as education, housing and productive infrastructure.
20 Oct 2010
FNB Life, one the fastest growing businesses in the FirstRand Group, has appointed Dushen Naidoo as CEO, formerly the divisional director in charge of product management within Retail SA at Liberty Life with 12 years' experience in corporate and retail banking.
19 Oct 2010
From 1 January 2011, medical aid rates of Liberty Medical Scheme will go up by an average of 12.8%. According to Andrew Edwards, executive principal officer at Liberty Medical Scheme, "The increase was influenced by aspects such as practitioner costs and medical technology, which comes at a high price every time there are advancements; not forgetting that the profitability and future sustainability of the scheme also plays a role."
18 Oct 2010
NEW YORK, US: The United States continues to lead the world in global image, according to GfK Roper Public Affairs & Corporate Communications, a division of GfK Custom Research North America and Simon Anholt, the leading policy advisor.
15 Oct 2010