As the world continues to go through increased economic hardship and instability, the levels of poverty are likewise increasing. In South Africa, this challenge is particularly prevalent, with a flat economy creating high levels of unemployment, which in turn, drives economic desperation.
Our CEO, Garth De Klerk sat down with Financial Intermediaries Association of South Africa (FIA), to discuss how increased pressures on society have resulted in a significant uptick in a variety of crime types, such as muggings, petty theft, house robbery, vehicle crimes, fraud and money laundering. All these different crimes are virtually impossible to combat in silos, thus it becomes imperative to share resources, systems and intelligence across multi-disciplinary teams with the common objective of creating a community dedicated to mitigating the various risks.
Read the full article online to see how the Insurance Crime Bureau along with our Members, Law Enforcement Agencies and other stakeholders are collaborating to facilitate the detection, prevention and mitigation of insurance crimes, as well as how our collective resources assist in the prosecution of offenders and fraudsters through ongoing insurance fraud investigation.
Read the full article online
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