The Association of Certified Fraud Examiners (ACFE) plays a significant role in creating a zero-tolerance policy against fraud, therefore Astute is proud to have partnered with ACFE as Bronze sponsor at the 2018 Africa conference.
Insurance fraud is on the rise in South Africa. Tough economic times make people more desperate and insurance providers are at a higher risk of being targeted with fraudulent insurance claims, which cost the industry Billions.
Identity theft is one of the fastest growing crimes in the world and has become one of the most common methods used in insurance fraud. With identity thieves getting smarter at stealing personal information for fraudulent purposes, insurers need to take extra preventative measures to reduce risk and protect themselves as well as their clients.
This challenge means that financial services companies need effective and pre-emptive ways to immediately identify and flag potential threats as opposed to responding only once the fraudulent activity has taken place.
The Astute Solution
In partnership with the insurance services community, Astute has created several risk solutions which empower our customers to mitigate any fraudulent or potentially fraudulent activity. Through the Astute Risk Services, any suspicious insurance activity flagged is stored on a shared database established by collaboration between major financial institutions.
To find out more about our risk services and how you can benefit and partner with us, please contact our dedicated team on firstname.lastname@example.org or call us on 011 214 0900