Things people don’t realise count as insurance fraud.

Loading player...
GUEST – Ernest North, co-founder at digital insurance platform, Naked

Insurance fraud. The words probably make you think about criminal syndicates staging vehicle crashes or people faking their deaths to get multimillion rand pay-outs. While these incidents dominate newspaper headlines, they form only a portion of the estimated R6 billion to R8 billion that the South African insurance industry loses to fraud each year.

A lot of fraud, if not most, takes the form of smaller claims from people who don’t think of themselves as criminals. It could be someone you know, like a friend who adds a Kindle they never owned to their claim after their home is robbed. “Many fraudulent insurance claims are made by people who think they’re telling a little lie to a big corporation,” says Ernest North, co-founder at digital insurance platform, Naked
5 Jul 2023 5PM English South Africa Business News · Investing

Other recent episodes

Reading South Africa's Economic Pulse

South Africa's economic activity weakened again in October, but there are emerging signs that pressure on households and businesses may begin to ease. Independent economist Elize Kruger unpacks the latest PayInc Economic Index, the fuel price outlook, consumer behaviour, business confidence and the key economic trends to watch heading into…
11 Nov 12PM 10 min

EasyEquities' Next Growth Chapter

Charles Savage, CEO of Purple Group, joins Kaya Biz following another year of expected double-digit earnings growth. The conversation explores the power of platform scale, the evolution of EasyEquities, the R100 billion client asset milestone, AI, international growth ambitions and the future of retail investing.
11 Nov 12PM 15 min

Dipula Properties Delivers Fy’2026 Distributable Earnings jump of 22%

Dipula Properties delivered earnings growth ahead of guidance while aggressively reshaping its portfolio through acquisitions, disposals and a deeper focus on retail and industrial property. CEO Izak Petersen joins Kaya Biz to discuss the company's expansion strategy, the outlook for listed property, and why convenience retail remains central to its…
11 Nov 12PM 19 min

Premier Bakes H1’2026 Operating Profit Surge Of 52.5%

Premier FMCG reported a strong set of interim results, with earnings growth, expanding margins and early benefits emerging from its acquisition of RFG Holdings. CEO Kobus Gertenbach discusses integration progress, consumer spending trends, commodity price dynamics and how Premier plans to sustain growth as it scales into a larger and…
10 Nov 12PM 16 min

South Africa’s Construction Capacity Question

South Africa is betting heavily on infrastructure to drive economic growth, yet concerns remain about project delays, contractor failures, skills shortages and shrinking industry capacity. We speak to Tshidiso Lekgetho, Acting Registrar of the SACPCMP, about the real state of the construction sector, the importance of professionalisation and accountability, and…
10 Nov 11AM 18 min