Today our guest is Ryan Woolley, CEO of Insurance Claims Africa.
- Public loss adjuster, Insurance Claims Africa is recommending to South African Special Risk Insurance Association, SASRIA that it urgently pay riot-related claimants 30% of their insured sum upfront.
- Insurance Claims Africa says this is to assist cash-strapped businesses get back on their feet as quickly as possible, and prevent looming retrenchments.
- ICA is acting for a number of claimants who together constitute the largest volume of claims submitted to SASRIA following the recent riots in KwaZulu-Natal and Gauteng.
- The 30% of the insured sum will be an interim payment that will expose SASRIA’s long-term sustainability, because most claimants are under insured.