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Mutual & Federal promotes anti-fraud awareness and education

24 November 2014

Mutual & Federal invited Hugo van Zyl from the South African Insurance Crime Bureau (SAICB) to host fraud awareness sessions with its brokers and staff. Topics included current industry trends and vital tips to apply to proactively detect fraud.

Taking a stand against fraud is a growing crusade

29 October 2014

In order for an industry to improve itself, it needs to look at the past and identify certain challenges which are affecting the industry. Apart from regulatory compliance, fraud seems to be having a significant impact on the industry.

Are insurers winning the disclosure battle?

27 October 2014

One of the biggest enemies of the insurance industry is fraud. While it is difficult to put an exact number to the cost of fraud in the industry, indications are that this number runs into billions of Rands. In an effort to resolve this, battle lines have been drawn by the industry, although the insurance industry remains a soft target for commercial crimes, especially when it comes to issues of disclosure.

TransUnion launches DecisionEdge Identity Manager for enhanced fraud detection and prevention

23 October 2014

Identity theft and incidents of digital fraud are common occurrences when granting credit. Fraud is an ever-present challenge that causes damage to businesses, results in lost customers and decreased profitability. TransUnion now offers a next-generation solution to this challenge with the new DecisionEdge Identity Manager solution. DecisionEdge Identity Manager offers enhanced fraud detection and prevention across all channels - including in-store, in branch and online - helping organisations to minimise risk and the consequences of fraud.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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