While fraudsters continue to target insurance companies with bogus claims, the industry says imposing stringent terms and conditions when applying for insurance policies will affect the market negatively.
KwaZulu-Natal tops the log with the most number of fraudulent claims recorded in 2022 iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Preventative measures that proved successful included collaboration by the forensics departments of life insurers and investment companies with other crime prevention initiatives, the use of big data, machine learning, artificial intelligence, improved data sharing and enhanced authentication m.
Attempted insurance fraud rampant, R1 billion's worth prevented just in 2022 702.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 702.co.za Daily Mail and Mail on Sunday newspapers.