The South African Insurance Crime Bureau (SAICB), working closely with the South African Police Service (SAPS) and the National Prosecuting Authority (NPA) has made significant and positive strides in addressing fraud and crime in the short term insurance industry and is proof of what can be achieved when business and SAPS works together.
The SAICB was officially launched on 31 October 2008 and in just over two years has established itself not only as a valuable tool in the fight against insurance fraud and related crimes, but has also brought the various agencies working in the broader fight against commercial crime closer together to the benefit of all. This achievement and the SAICB successes to date were celebrated at the “Year in Review” Breakfast at the Johannesburg Country Club, Woodmead on 3 November 2010. Lt Gen. Mzwandile Petros (Gauteng Provincial Commissioner: SAPS), served as the Guest Speaker at the event, and explained the focus of the SAPS in Gauteng since his appointment and the challenges to be faced and addressed in the coming months.
The main focus of the SAICB is to address organised fraud and crime in the short term insurance industry, as well as to identify repeat offenders and fraudsters that target multiple insurance companies. For the SAICB to achieve its aim of reducing fraud and crime within the financial industry, it needs to work very closely with the policing and justice entities in South Africa, and to this end, has spent a huge amount of time and resources working with the SAPS, NPA and the Hawks and building the strong relationships that will help them with their mission and vision for the industry.
This close working relationship has resulted in several projects being identified and implemented to assist SAPS in achieving their renewed commitment to tackle crime in all its guises, while assisting the industry in addressing the crime and fraud committed against it.
The SAICB has 9 active cases under investigation currently and has taken 3 cases successfully through the courts and recovered R380 000 for the industry to date, with the assistance of the SAPS and NPA. The approximate value of cases under investigation is R120 million.
Other areas, not necessarily in the crime arena, were also identified where the SAICB could assist SAPS and one of the successful pilot projects launched has been the cleanup of the pound in Isipingo -KwaZulu Natal.
To date over R8 million has been recovered and over 350 vehicles uplifted by the industry. In addition to the industry vehicles identified, the SAICB and SAPS also assisted in identifying nearly 200 uninsured vehicles and contacted the owners of these vehicles to inform them where their vehicles were housed.
Hugo van Zyl, Chief Operating Officer of the SAICB noted, “The SAICB would also like to make special mention of Business Against Crime SA (BACSA) as they have assisted and facilitated the building of the strong relationships with SAPS and the NPA from our inception. Their commitment in getting business involved in assisting SAPS to address the crime situation in the country has led to many initiatives that have over the years helped in reducing crime as well as addressing the unacceptable number of road deaths in South Africa. The SAICB is committed to being a part of this mindset and proof that business and the SAPS working together can make a difference regarding crime in South Africa.”
The SAICB is a section 21, not for profit, company, and has 10 member companies, namely: Santam, Mutual & Federal, Hollard, FRSTIA (Outsurance and Momemtum), Lion of Africa, Standard Insurance, Absa Insurance, Regent, Telesure, and MiWay. The SAICB also manages the industry Fraudline which has proven to be a valuable tool in identifying fraud and as a direct link between the public and the insurance industry.
For further information about the SAICB, our successes and future initiatives may contact Hugo van Zyl on email@example.com or Melanie Pillay on firstname.lastname@example.org