Motor theft trends in South Africa
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.
As the technology that makes our cars work improve, 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 recently hosted a live session to discuss these trends. We were joined by The Insurance Crime Bureau CEO, Garth De Klerk, Netstar Operations Executive Charles Morgan , and Elite Risk Acceptances Managing Director Tarina Vlok.
If you missed this informative session live, you can watch it below:
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