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Valentine’s Day—a time for romance and connection—also creates a fertile ground for scammers looking to prey on vulnerable hearts.
Stakeholders in the South African life and non-life insurance sectors will have their work cut out for them to address the risk posed by fraud and organised crime over the coming years. In its 2024 Annual Report, the Insurance Crime Bureau (ICB) warned that the industry could potentially lose R3.5 billion if the dual threat of fraud and organised crime is left unchecked.
Revitalised from their end-of-year vacation, South Africans typically tackle the new year with gusto and renewed vigour.
Consumers are facing heightened vulnerability as scammers exploit the changes they want to make in their lives at the beginning of the year.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?