Tag: vehicle insurance
AI-driven insurance fraud – from deepfakes to scams
Recently, I came across a viral LinkedIn post that resonated with me. A woman faked her own car accident using AI-generated images. She created photos of a “smashed” car, added bruises to her own face, staged a crash scene and even produced a realistic-looking receipt. The woman was not trying to file a real claim. Her goal was to highlight how hard it is becoming for the insurance industry to distinguish real claims from fakes.
Big data shapes the world
The modern world is flush with technology jargon, and new ones keep entering our lexicon: digital transformation, the 4th Industrial Revolution (4IR), and Generative Artificial Intelligence are just a few examples. And as often happens with overused words and phrases, we become very comfortable with these to the point that they soon become a part of the background noise.
SA insurance ombudsmen – losing their way?
In 1985 the South African insurance industry voluntarily launched the Ombudsman for Long Term Insurance system. The Ombudsman for Short Term Insurance (OSTI) was launched some four years later in 1989. These bodies operated independently and separately from one another until last year.
Mitigating risk is more important than ever in the construction industry
As economic recovery slowly picks up, and the industry waits to see whether government’s ambitious infrastructure-led recovery materialises, it’s never been more important for contractors to ensure they are fighting fit and best positioned to take advantage of every opportunity that comes their way.
Autonomous vehicle liability?
If an accident is caused by an automated vehicle when driving itself, whilst insured, and it causes anyone to suffer damages, then is the insurer liable for that damage caused? If the vehicle is not insured is the owner of the vehicle liable for the damage?
