Crime in South Africa makes insurance more expensive

[mylesillidge]

Criminal syndicates make insurance more expensive — and a South African company is fighting crooks with AI

Criminal syndicates defrauding South African insurance companies are causing law-abiding citizens’ premiums to be much higher than they otherwise would be.

Naked Insurance has said that fraud is estimated to make up 30% of car insurance premiums.

 

[obs]

or we wont talk about lawyers and the RAF, going for Medical insurance now.

 

["D"]

I have also heard insurance in SA makes crime more expensive - and so the vicious circular cycle continuously crushes consumers!

 

[Dan C]

Anywhere is SA is not safe, also you need R35mil in a savings account.