Fraud And Dishonesty Worth R1.4 billion Prevented By Life Insurers And Investment Companies In 2024
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Guest – Jean van Niekerk, Convenor of the ASISA Forensic Standing Committee
South African life insurers and investment companies successfully prevented fraud and dishonesty worth R1.4 billion in 2024, but incurred losses of at least R131.6 million to criminals and dishonest individuals.
The annual fraud statistics compiled by the Forensic Standing Committee of the Association for Savings and Investment South Africa (ASISA) show that ASISA members detected 16 520 cases of fraud and dishonesty in 2024, a 26% increase from the previous year, when 13 074 cases were detected.
South African life insurers and investment companies successfully prevented fraud and dishonesty worth R1.4 billion in 2024, but incurred losses of at least R131.6 million to criminals and dishonest individuals.
The annual fraud statistics compiled by the Forensic Standing Committee of the Association for Savings and Investment South Africa (ASISA) show that ASISA members detected 16 520 cases of fraud and dishonesty in 2024, a 26% increase from the previous year, when 13 074 cases were detected.
