Hijacking of expensive cars on the rise, says Santam CEO
Santam’s data indicates that there has been a shift away from older, low-value vehicles with limited security requirements, to more expensive double cabs and SUVs
Santam, SA’s largest short-term insurer, has warned that the industry is contending with a spike in hijackings and theft of high-value vehicles, which is pushing claims in the high end of the market.
Santam’s CEO, Tavaziva Madzinga, said the group is keeping a close eye on the increase in crime, which he says has become a systemic risk...
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