The Insurance Crime Bureau - COO's Note

The unparalleled global developments have had an immense impact on South Africa. We have suddenly found ourselves in uncharted waters due to the Covid-19 Pandemic which has become a game changer that will alter our economic and social realities for the foreseeable future.

Economists and analysts alike believe that the global economy is headed for a downward spiral barely 12 years after the 2008 financial crisis that triggered a worldwide recession. Although it’s too early to quantify the impact of the current pandemic, we can all agree that poverty is the root of most crimes and that the tough challenges we face ahead will lead to people submitting fraudulent claims for cash pay-outs to cushion the economic effects.

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