Nico, Santam against insurance fraud

Nico Holdings Limited in partnership with Santam Forensic Services of South Africa on Monday held a fraud and forensic investigative training at Ryalls Hotel in Blantyre.

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Speaking at the training, Jerry Chetty, manager for forensic services at Santam, said they are committed to stopping insurance fraud in the country.

He said the insurance fraud training will empower insurance managers to know what to look out for when it comes to insurance fraud.

Said Chetty: “This will empower people to look out for what is known as insurance crime, it is more vigilant to know what to look out for because of the elusive nature of fraud in the insurance industry.”

Managing director of Nico Holdings Limited Vizyenge Kumwenda said the training will help impart knowledge of how to detect fraud, why people commit fraud and how to minimise fraud since it affects innocent people.

“Fraudulent activities affect the lives of innocent people both directly through accidental or intentional injury or damage and indirectly as these crimes cause insurance premiums to be higher,” said Kumwenda.

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