Insurance Fraud News

Insurance

Why "insurance fronting" for your children is a bad idea

By Fiona Zerbst

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

Why "insurance fronting" for your children is a bad idea
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Insurance

Insurance fraud: Syndicates, opportunists, and murderers

By Harper Banks

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.

Insurance fraud: Syndicates, opportunists, and murderers
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Insurance , Life Insurance

What will happen if you lie on your life insurance application?

By Isabelle Coetzee

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.

What will happen if you lie on your life insurance application?
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Insurance

Can insurance fraud increase your premiums?

By Isabelle Coetzee

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.

Can insurance fraud increase your premiums?
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