News 24 today: 30% of insurance claims bogus in 2013 Thirty percent of all 2013 insurance claims were estimated to be fraudulent - an amount totalling about R15bn, the Sunday Times reported. Pressure, opportunity and rationalisation as well as a sense of entitlement were some of the reasons South Africans were submitting in false claims, the SA Insurance Crime Bureau executive director Michiel Nel told the newspaper. The bureau suggested that of all the claims submitted in 2013 - estimated to cost R50bn - approximately one third were thought to be fraudulent. Audit and forensics head at Santam, Helen du Toit, told the Sunday Times that while people considered issuing false claims as socially acceptable and not as serious as other crimes, in fact, submitting bogus claims could have legal and criminal repercussions. And so our premiums increase. If you hear someone bragging about how they got away with it, please report them
Posted on: Sun, 26 Jan 2014 13:05:03 +0000