Tag: deterrence

ZAR 475 million, ZAR 210 million, and ZAR 59 million are not lottery jackpots. Instead, these represent the significant administrative penalties imposed recently. During 2024, the Financial Sector Conduct Authority (FSCA) and Prudential Authority (PA)(together, the Regulators) imposed these penalties on various entities.

How have the character and technology of war changed in recent times? Why does battlefield victory often fail to result in a sustainable peace? What is the best way to prevent, fight and resolve future conflict? The world is becoming a more dangerous place. Since the fall of Kabul and Russia’s invasion of Ukraine, the US-led liberal international order is giving way to a more chaotic, contested and multipolar world system.

Despite being in the business of risk mitigation, insurance firms themselves are often subject to risk in the form of insurance crime. Last year, the Association for Savings and Investment South Africa (ASISA) found that South African life insurers detected 4,287 fraudulent and dishonest claims worth R787.6 million across the board.