Here are four big trends we can expect from the in 2021, and, not surprisingly, they’re all largely driven by the pandemic.
Owner’s need to stay on top of their home’s maintenance and only use accredited builders and engineers to do any work on a house.
Here are King Price’s top five tips to get the best possible deal on your insurance and save a few rand in the process.
It is highly unlikely a manufacturer will fetch your car from you so make sure not to hand over your car to a third party when a recall message reaches you.
As consumers look to cut costs out of their budgets, insurance premiums are often an easy target – but that leaves them exposed in the event of any accidents or incidents.
National savings month? For millions of South Africans, it should be renamed ‘just keeping our heads above water' month, with many still struggling to recover from the double whammy of the recession and the effects of the pandemic.
The King Price Insurance CFO explains that pandemic or not, remote working is here to stay.
As consumers look to cut costs out of their budgets, insurance premiums are often an easy target – but that leaves them exposed in the event of any accidents or incidents.
Many South Africans are struggling to make ends meet in the wake of the Covid-19 pandemic, lockdown restrictions, curfews, and civil unrest.
It's an old scam: someone claiming to be from your car manufacturer or dealership calls and says there's been a safety recall for an issue like an airbag or a mechanical issue.
That's the warning from King Price Insurance's head of client experience, Wynand van Vuuren, who says the world of WFH has seen a boom in attempted cyber-hacks using remote employees as the entry points into corporate networks.
By targeting dealership records, criminals are often able to gather detailed information about unsuspecting consumers, including when last you took your car for a service, and even how many kilometres you drive per month.
King Price said that although the tyres might have reached their expiry date, simply reaching this date does not necessarily make the car unroadworthy.
Some of us have even become pros at pretending that we're not still wearing our PJs in Zoom meetings. But, for most of us, our online security skills are lacking – and this could expose us and our employers to a range of risks.
No single event in modern history has had the profound impact on consumerism that the Covid-19 pandemic has.
Some of us have even become pros at pretending that we're not still wearing our PJs in Zoom meetings. But, for most of us, our online security skills are lacking – and this could expose us and our employers to a range of risks.
Car owners are warned of a resurgence in vehicle recall scams where criminals pose as officials representing a car manufacturer or tracking company.
The Insurance Crime Bureau (ICB) says criminals convince owners their vehicle is part of a batch being recalled for a malfunction or mechanical issue.
If the pandemic has shown us anything, it's that forecasting in terms like these is difficult. We have no idea what the ultimate impact of this pandemic will be on our businesses, our industries and our economy.
Our dining room table has been our office for over a year now, and fatigue is starting to set in. Not being able to chat with colleagues while grabbing a cup of coffee or catch up on weekends over the printer is taking its toll.
Are you fond of having a beer after work and then driving home? You should note that once South Africa's new drunkrdriving laws come into effect this month, you won't be allowed behind the wheel of a motor vehicle after even one drink.
Stay on top of your home's maintenance. Only use accredited builders and engineers to do any work on your house. And, most of all, make sure you're insured correctly: Don't just rely blindly on the buildings insurance policy that's offered by the bank when you take out a home loan.
Our dining room table has been our office for over a year now, and fatigue is starting to set in. Not being able to chat with colleagues while grabbing a cup of coffee or catch up on weekends over the printer is taking its toll.
Back in June 2012, a new insurance company launched, with a bold vision of turning the local insurance industry on its head. It wasn't so much a start-up as an upstart. Most people said it wouldn't last three months. Nine years later, King Price has become one of the most recognisable brands in South Africa.
Currently, it's still legal to get behind the wheel if your blood-alcohol level is under 0.05g per 100ml. The new National Road Traffic Amendment Act totally prohibits the consumption of alcohol by all motor vehicle operators on South African public roads by setting the legal blood-alcohol limit for drivers at 0%.
Are you fond of having a beer after work and then driving home? You should note that once South Africa's new drunk-driving laws come into effect this month, you won't be allowed behind the wheel of a motor vehicle after even one drink.
The days of having a beer after work and driving home will soon be over - and that's not just because of the lockdown restrictions.
Once South Africa's strict new drunk-driving laws have been passed, drivers won't be allowed to drink alcohol at all.
Do you like to drink beer and go home after work?
The Department of Transport is confident that a zero-tolerance drunk driving regulation will be made into law in South Africa's planned National Road Traffic Amendment Bill. The law is set to come into effect as early as this month - but how will it impact insurance claims?
Many South Africans don't have car insurance, even if they regularly use the roads. Given the perceived expense, this seems reasonable - until they are involved in an accident.
The days of having a beer after work and driving home are over. Once South Africa's strict new drunk-driving laws come into effect this month, you won't be allowed behind the wheel of a motor vehicle after even one drink.
South Africa's new drunk-driving regulations take effect this month and you won't be allowed behind the wheel after only one drink.
Most people expected COVID-19 to be a thing of the past by now, with life returning to normal but instead we facing a possible third wave in South Africa and there is no denying things have changed drastically in the industry to cope.
Charles Kettering, the legendary American inventor and head of research for GM, liked to say: 'A problem well-stated is a problem half-solved'. By Minnaar Fourie, commercial director at King Price Insurance
Stay on top of your home's maintenance. Only use accredited builders and engineers to do any work on your house. And, most of all, make sure you're insured correctly: Don't just rely blindly on the buildings insurance policy that's offered by the bank when you take out a home loan.
Stay on top of your home's maintenance. Only use accredited builders and engineers to do any work on your house. And, most of all, make sure you're insured correctly: Don't just rely blindly on the buildings insurance policy that's offered by the bank when you take out a home loan.
Marius Botha is die voormalige besturende direkteur van Stangen-lewensversekering-maatskappy en nou die globale hoof van aYo Holdings ('n MTN-finiaal), wat binnekort die grootste mikroversekerings platform in Afrika kan wees.
Insuring your car is a no-brainer, right? Well insuring your home is too.
A few years ago, when buying a second-hand car that did not have a service plan any more, I discovered what a rip-off my dealership was when it came to servicing and fixing it.
Today, the most popular car colour on South Africa's roads is white: fully 45% of the cars financed in South Africa are white, with silver coming in at nearly 25%.
'Any customer can have a car painted any colour that he wants, so long as it is black.' Times have changed since Henry Ford made his famous statement back in 1909.
Okay, so you've just bought your first car, and now you need to insure it. Welcome to adulting. But understanding insurance quotes and cover needs can be a bit confusing for first-time insurance buyers.
To make things easier, we asked King Price Insurance's partner of client experience, Wynand van Vuuren, for some Insurance 101 tips.
When I started my career, we were living the golden years of the world's first big IT boom. (Yes, I totally just gave away my age.) Practically every company under the sun was investing heavily in technology, with the promise that it would boost productivity to untold levels, driving economic growth like we'd never seen before.
In the days before big data, people used to run their businesses based on 'gut feel'. Many still do, writes Minnaar Fourie, commercial director at King Price Insurance.
Insurer King Price has launched an industry-first 'pay as you farm' agricultural insurance product that offers farmers comprehensive cover for their agricultural vehicles all year round, linked to an annual rebate based on the time that the vehicles are actually used.
If your employees spend any time at all working from home in our brave new post-pandemic world, it's vital that you review your remote working practices to deal with 'massively increased' cybersecurity risks.
Strong suspicions are that remote vehicle jamming devices had been used to interfere with the locking mechanisms, thereby allowing the thieves to gain access to the vehicles.
A few years ago, when buying a second-hand car that did not have a service plan any more, I discovered what a rip-off my dealership was when it came to servicing and fixing it.
Insurer King Price has launched an industry-first 'pay as you farm' agricultural insurance product that offers farmers comprehensive cover for their agricultural vehicles all year round, linked to an annual rebate based on the time that the vehicles are actually used.
The South African Police recently published the country's latest crime statistics, which showed that vehicle-related crimes increased during the first quarter of 2021.
For many finance professionals, becoming a CEO is part of their long-term career strategy. However, Rhett Finch got there in the shorter term.
If criminals steal items from your car without visible signs of forced entry, like with car remote jamming, you will not get any money from your insurance company.
Freedom to have your car repaired by a non-dealer will increase competition and reduce the cost of repairing and insuring your car.
It is not unusual to hear or read about a serious or fatal vehicle crash where one of the drivers was under the influence of alcohol. It therefore comes as no surprise that authorities want to amend legislation to allow for a zero tolerance against alcohol for drivers.
If you're hitting the roads this Easter, beware of the 'fatal 5'. In 2019, 162 people died on the roads during the Easter weekend alone, and distractions, drunk driving, speeding, reckless driving and jaywalking accounted for most of those deaths.
The role of mobile app developer is hardly new. Ever since Apple coined the phrase, 'there's an app for that', people have been creating inventive, strange and interesting solutions for themselves, customers and organisations.
"ANY customer can have a car painted any colour that he wants, so long as it is black." Times have changed since Henry Ford made his famous state- ment back in 1909. Today, the most popular car colour on South Africa's roads is white: 45% of the cars nanced in South Africa are white, with silver coming in at nearly 25%. But while brighter colours, like pink and gold, may affect your ability to resell the car, does the colour of your car affect your insurance premium?
The role of an mobile app developer is hardly new. Ever since Apple coined the phrase, 'there's an app for that', people have been creating inventive, strange and interesting solutions for themselves, customers and organisations. There are gaming apps, finance apps, lifestyle apps, exercise apps and so much more, stuck in between the gaps that we didn't know needed filling until, you guessed it, there was an app for that. So why is this still a burgeoning career?
Times have certainly changed since Henry Ford made his famous statement back in 1909.
Today, the most popular car colour on South Africa's roads is white: fully 45% of the cars financed in South Africa are white, with silver coming in at nearly 25%.
Times have certainly changed since Henry Ford made his famous statement back in 1909. Today, the most popular car colour on South Africa's roads is white: fully 45% of the cars financed in South Africa are white, with silver coming in at nearly 25%. But while brighter colours, like pink and gold, may affect your ability to resell the car, does the colour of your car affect your insurance premium?
Times have certainly changed since Henry Ford made his famous statement back in 1909, and today the most popular car colour on SA's roads is - you guessed it - white. About 45% of the cars financed in SA are white, with silver coming in second at nearly 25%.
King Price's customer experience partner, Wynand van Vuuren says: 'The days of having a beer after work and driving home are over. Once South Africa's strict new drunk-driving laws come into effect.'
Guest: Wynand van Vuuren - Client experience partner at King Price Insurance
Insurance. It's the monthly expense everybody loves to hate - until disaster strikes, and then suddenly it's the best thing since Nutella. But it doesn't have to be that way. We could all have a healthier - and happier - relationship with insurance if we understand our risks better.
The Competition Commission's new guidelines for the automotive industry to come into effect from July 1 will bring major changes for car owners repair and service choices, and the automotive after-market, motor industry sources said on Friday.
2020. The year that brought us Covid-19, recessions, record unemployment figures, murder hornets and the US elections. As we start planning for an uncertain 2021, it's safe to say the need for a safety net has never been greater.
Drunk driving contributes to the cost of insurance, says Katlego Bolsiek, South African Insurance Association manager for insurance risks.
Drive a Fortuner or know someone who does? They should probably consider a tracking device, If their insurer hasn't already insisted on one.
Cape Town - The Competition Commission's new guidelines for the automotive industry to come into effect from July 1 will bring major changes for car owner repair and service choices, the automotive after-market, motor industry sources said on Friday.
Cape Town - The Competition Commission new guidelines for the automotive industry, which come into force on July 1, will bring major changes to car owners' repair and service choices, as well as the aftermarket auto industry, auto industry sources said on Friday.
The Competition Commission's new guidelines for the automotive industry to come into effect from July 1 will bring major changes for car owner repair and service choices, and the automotive after-market, motor industry sources have said.
You've probably heard the statement that your car insurance premium will be significantly higher if you choose a less-popular vehicle colour.
While there is some truth to this, it's not the complete story.
Not everyone drives the same distance every month, so why should everyone pay the same for their car insurance every month? With chilli, your monthly premium depends on your monthly mileage, as well as your individual risk profile. Essentially, you 'pay per k'.
South Africa may have the worst roads in the world, but human factors are still the main reason for road accidents.
In 2019, 86% of road fatalities were due to human factors and it definitely contributes to higher insurance premiums.
Many thought it would be a quick three-week lockdown and then business as usual. How wrong we all were. In many ways, the world will never be the same again.
When lockdown hit in 2020 consumers demanded lower-cost car insurance to match their lower monthly mileage. And rightly so. We responded within six weeks with a sustainable, fit-for-the-times 'pay per k' product called chilli.
The South African motor industry is in for some ground-breaking changes from July, when the Competition Commission's new guidelines kick in. They aim to promote more competition in areas like manufacturing, repairs, insurance, and financing.
The days of having a beer after work and driving home will soon be over - and that's not just because of the lockdown restrictions. Once South Africa's strict new drunk-driving laws are passed later this year, you won't be allowed behind the wheel of a motor vehicle after even one drink.
Lockdown restrictions might have impacted the publics drinking habits and patterns, but once South Africa's strict new drunk-driving laws have been passed, drivers won't be allowed to drink alcohol at all.
Aston Martin builds gorgeous GT cars which make quite a statement. Their entry-level Vantage produces 375kW and races to the 100km/h mark in 3.6 seconds - which puts it firmly in competition with the Lamborghini Huracan, while being almost half the price.
After a year in which the Covid-19 pandemic ravaged the world, there's a new cyber-pandemic threatening South African businesses - and the consequences could be just as deadly, as cyber hackers find new ways to attack companies' critical data and information.
After a year in which the Covid-19 pandemic ravaged the world, there's a new cyber-pandemic threatening South African businesses - and the consequences could be just as deadly, as cyber hackers find new ways to attack companies' critical data and information.
King Price and Secura have introduced an app-based emergency response service, code red, in South Africa. In an emergency situation, app users can hit the panic button and the nearest armed response or emergency service vehicle will be dispatched.
If you feel threatened, or have an emergency, press the panic button, and the nearest armed response or emergency service vehicle will get to you ASAP. That's the promise of code red, an app-based emergency response service launched by insurer King Price in response to South Africa's spiraling crime rates.
We live in an era where our organisations have become technology and data companies that just happen to provide some other services as well. Cloud technologies, machine learning, chatbots, AI and data analytics are having a massive impact on the way we make decisions, develop strategies and run our businesses every day.
King Price Insurance has launched its app-based emergency response service, 'code red'. The service is exclusively available to the insurer's clients, for which they have to pay a 'nominal' monthly cost in order to access it.
The need for an app-based emergency response service, code red, in South Africa especially in this era of challenging health environment has led to a partnership between King Price and Secura. The new application is such that in an emergency situation, app users can hit the panic button and the nearest armed response or emergency service vehicle will be dispatched.
One of the biggest changes is that car owners no longer have to use the dealer service center and parts department to maintain service planning and warranty. They now have the right to repair or service the vehicle with a provider of their choice without revoking the warranty.
Completing transactions telephonically has always been difficult due to the high risk of fraud and the potential for dispute around terms and conditions.
The guidelines aim to promote more competition in areas like manufacturing, repairs, insurance, and financing. They could also, in time, lead to lower insurance premiums, King Price says.
King Price is more than just a visionary company that's changing the way car insurance is done, 1 decreasing premium at a time. We're a force for good. And, we're a tightknit, fun-loving family.
The South African motor industry is in for some ground-breaking changes from July, when the Competition Commission's new guidelines kick in. The guidelines aim to promote more competition in areas like manufacturing, repairs, insurance, and financing.
King Price and Secura have introduced an app-based emergency response service, code red, in South Africa. In an emergency situation, app users can hit the panic button and the nearest armed response or emergency service vehicle will be dispatched.
The South African weather service issued a warning that a sever storm with large amounts of hail was moving through the City of Johannesburg and Ekurhuleni.
To avoid becoming one of the statistics, there are several precautions you can take. Wynand van Vuuren, partner of client experience at insurer King Price, shares his top tips for staying safe on the roads this holiday season.
Wat maak 'n maatskappy mededingend? Grootdata, vernuwende bemarking, gebruiksgemaklike toepassings en die laagste pryse is als belangrike elemente, maar die enkele grootste mededingende voordeel wat jou maatskappy het, is sy mense en die kollektiewe kultuur wat hulle tot stand bring.
What makes a company competitive? Big data, innovative marketing, slick apps, and the lowest prices are all right up there. But the single biggest competitive advantage your company has is your people and the collective culture they create.
A new round of load shedding has recently been announced, which means our towns are about to come alive with the sound of generators. But if you have a backup generator for your home, make sure it's installed professionally and operated correctly, or your risk not being covered for any damages that may result.
When lockdown hit in 2020 consumers demanded lower-cost car insurance to match their lower monthly mileage. And rightly so. We responded within six weeks with a sustainable, fit-for-the-times 'pay per k' product called chilli.
After the new zero-tolerance law comes into operation in June, insurers will also not take kindly to any mishaps or accidents involving a car and a driver who has even a trace of alcohol in their system.
Insurers generally don't honour a claim if you were doing anything illegal at the time of the so-called claimable event - such as driving over the legal alcohol limit or without a valid licence.So what about if you have an accident between 9pm and 6am, when you shouldn't be on the road at all, thanks to the latest Disaster Management Act curfew?
While vehicle sales in South Africa are on the up, several owners will not be too keen on selling their vehicles due to the trying economic times. Many have lost their jobs because of Covid-19 and the ensuing lockdown, while others had to take a pay-cut and make do with a lot less come month-end.
While you are certainly contravening the law if you drive between 10pm and 4am without a permit, your insurer cannot reject your claim if an accident occurs during that time, says Wynand van Vuuren, client experience partner at insurer King Price
Let's be honest, car insurance is 1 of those monthly expenses we'd all like to save on, and the reality is that many of us spend less time on the road because we're working from home.
Meeting the challenges of a rapidly changing world is not always comfortable, he says. It means that we not only re-evaluate our own skills and strengths, but also those of our team. There's a certain level of reskilling that comes with moving to new technology and a different way of doing things.
Insurers generally don't honour a claim if you were doing anything illegal at the time of the so-called claimable event - such as driving over the legal alcohol limit or without a valid licence.
Driving outside government's stipulated curfew hours may be illegal if you are not in possession of a permit, but that shouldn't be the reason why your car insurer doesn't honour your claim should you get involved in an accident.
Die Spektrumspan hou jou op hoogte met die jongste plaaslike en internasionale nuusgebeure.
If you're planning a road trip, you probably know how dangerous it can be to get stranded on the side of a road in the middle of nowhere.
Technically, your claim can be rejected should one of the parties involved in an accident is found to have an expired licence, whether it be for the driver or for the vehicle.
With the continued backlog for vehicle and drivers licence renewals never seeming to come to an end, CapeTalk listeners have asked what impact this might have had on insurance claims because technically speaking, claims can be rejected should one of the parties involved in an accident is found to have an expired licence, whether it be for the driver or for the vehicle.
If you're planning a road trip, you probably know how dangerous it can be to get stranded on the side of a road in the middle of nowhere.
Twenty-twenty came in like a wrecking ball. In February, we were still planning our Easter long weekends. Barely a month later, we were in hard lockdown. The Year of the Coronavirus caused havoc in economies, businesses, and the lives of people, across the world.
The Department of Transport has announced that learner and drivers' licences which have expired from 26 March 2020 to 31 December 2020 are deemed valid until 30 August 2021.
While the tropical cyclone Eloise has weakened significantly after hitting Beira, Mozambique over the weekend, her effects are still being felt in South Africa'
The Department of Transport has announced that learner and drivers' licences which have expired from 26 March 2020 to 31 December 2020 are deemed valid until 30 August 2021. But although there has been an extension, a question that has been asked by many South Africans is will my insurance pay out if I am involved in a car crash with an expired drivers' or even motor vehicle licence?
King Price Insurance Company Ltd and King Price Life Insurance Ltd are part of the King
Price Group of companies.
King Price Insurance Company Ltd is a licensed non-life insurer and registered financial
services provider. (Reg no. 2009/012496/06 | FSP no. 43862)
King Price Life Insurance Ltd is a licensed life insurer and registered financial services
provider. (Reg no. 1948/029011/06 | FSP no. 47235)
Office Hours: Monday - Friday | 08:00 - 18:00
© King Price Insurance Company Ltd
