The South African Insurance Crime Bureau (SAICB) is a non-profit company dedicated to fighting organised insurance crimes and fraud. Since our inception in 2008, the SAICB has made a significant impact on both the short-term insurance industry and society as a whole. We do this by bringing together the collective resources of insurance companies, law enforcement agencies and other stakeholders to facilitate the detection, prevention and mitigation of insurance crimes as well as assist in the prosecution of repeat offenders and fraudsters through ongoing insurance fraud investigation.
Over the years, various initiatives have been implemented by the SAICB to address organised crime in the industry as well as a number of educational efforts aimed at the public to create awareness of insurance fraud scams. This allows our members to benefit from collaborative capabilities driven by data sharing, which is fundamental to identify and curb cross carrier or syndicated fraud.
Investigating insurance fraud involves a collaborative effort between the SAICB, insurance companies and their internal insurance fraud investigation units as the nodal point for crime being committed across the industry, and affecting multiple companies - with the cooperation of the SAPS. The ultimate goal of the SAICB therefore, is to create a joint initiative for the whole insurance industry and other related stakeholders to address crime and fraud through the sharing of information.
Furthermore, the SAICB also provides a platform for the public to safely and anonymously report fraudulent activities or suspected insurance crimes through the toll-free Insurance Fraudline.