DStv Channel 403 Wednesday, 23 October 2024

Insurance scams hit grim new heights

JOHANNESBURG - Insurance fraud is reaching spine-chilling heights in South Africa.

Recent high-profile cases highlight just how far some individuals and syndicates are willing to go for a payout.

                     WATCH | Fraud prevention service stats show increase

In one jaw-dropping case, a police officer in Limpopo allegedly arranged the murders of 6 family members to cash in on 10-million Rands worth of insurance claims, and hers wasn't a lone-wolf operation either.

The officer is believed to have been part of a larger criminal syndicate that turns life insurance policies into hit lists.

But what can insurance companies do to stay ahead of devious plots such as these?

Head of Life Insurance Investigations at Insurance Crime Bureau, Johan Steyn spoke to eNCA.

Paid Content