Profile: South African Insurance Crime Bureau

The South African Insurance Crime Bureau ("SAICB") is a section 21 not for profit organisation that addresses fraud and crime in the short-term insurance industry. The SAICB has eleven members with a chairman elected from its Board, which governs the Bureau. The current chairman is Servaas du Plessis from Summit Insurance Administration Services.

The SAICB was formed after a four year investigation by the South African Insurance Association (SAIA) on how to best address crime and fraud in the short term insurance industry. It was decided that a holistic approach through an independent company like the SAICB was the best way to address the vast and ever increasing problem of insurance fraud and crime. The SAIA was instrumental in the formation of the SAICB and ten of the eleven member companies are members of the SAIA.

Core functions of the SAICB are:

• Leverage existing shared data to detect organised fraud
• Develop an investigation approach to managing fraud events impacting multiple insurers
• Provide a platform to improve the governance over the management of shared insurance data, driving short and long term cost savings.

The Bureau is currently managed by Hugo van Zyl, Operations Manager of the SAICB, as a CEO is still to be appointed. The SAICB currently has 3 permanent staff members and one part time consultant and its offices are located in Midrand, Johannesburg.

MISSION STATEMENT

The South African Insurance Crime Bureau (SAICB) addresses the ever increasing issue and challenge of insurance crime and fraud in the short term insurance industry.