Magazine date:
Apr 2007 In an effort to face the rising fashion of insurance fraud which costs the sector millions of rands, the South African insurance Association (SAIA) is working on the creation of a specific body to combat fraudulent practices.
Statistics are showing that 5% to 15% of the reported claims are of fraudulent nature SAIA gathers 53 non-life insurance companies among which Santam, Mutual & Federal, SA Eagle, Auto & General, Outsurance and Hollard.