Insurance Fraud News

We examine the consequences of “insurance fronting” for your children and investigate legal ways to decrease your children’s premiums in South Africa.

We take out insurance to protect ourselves and our loved ones from unforeseen circumstances. But some try to take advantage of the insurance system. We have a look at what insurance fraud is.

If you're considered high risk, your insurer will likely charge you higher premiums. Therefore, it may be tempting to lie on your application. But this could have dire consequences. We got in touch with insurers and found out what these consequences are and what you need to do to ensure your claims are paid out.

Insurance fraud in South Africa is dramatically on the rise. The SA Insurance Crime Bureau (ICB) estimates that in 2019, up to 20% of the R35 billion paid out by short-term insurers was claimed fraudulently.