Funeral policy fraud: know how to protect yourself
While insurers say that the number of claims found to be fraudulent remains ‘stable’, funeral insurance continues to attract a high incidence of fraud and dishonesty.
Fraudulent claims
Why policyholders complained to the short-term ombudsman in 2023
‘Lack of maintenance or wear and tear’ gave rise to most of the disputes in several categories of insurance.
Read more
Focus on fraudulent Death and Disability claims
On Thursday, we focused on fraud in the funeral cover space. Today we look at how this manifested in Death, Disability, Hospital cash plans and Retrenchment cover space. South African life insurers reported […]
Significant increases in funeral insurance fraud include shocking actual examples
South African life insurers reported a 12% increase in fraudulent and dishonest claims across all lines of risk business in 2020, with a monetary increase of over R50 million. Some of the examples […]
Insurance fraud is a global phenomenon
Submitting a false claim or exaggerating a genuine claim is seen as a “drop in the ocean” in the finances of insurance companies, but the reality is very different. “Many people think insurance […]
Insurance fraud is a global phenomenon
Submitting a false claim or exaggerating a genuine claim is seen as a “drop in the ocean” in the finances of insurance companies, but the reality is very different. “Many people think insurance […]
