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Author Archive | Janine Geldenhuys

Discovery

Fraud, waste and abuse in the healthcare system

– Discovery making great strides to curb the problem Discovery Health recently reported that they have invested substantially in fighting the scourge of healthcare fraud, waste and abuse. In 2018, Discovery Health’s efforts to curb fraud, waste and abuse in the healthcare system resulted in a substantial R555m recovered on behalf of client schemes. Efforts […]

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Digital

Digital transformation shifts from threat to opportunity

“This is a unique and exciting environment for the insurance industry, as consumers are open to a more interactive relationship with their carriers.” These are the words of Stephen O’Hearn, Global Insurance Leader, Partner, PwC Germany. PwC recently produced its 22nd Annual Global CEO Trends series that specifically focussed on Insurance trends. According to the […]

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crime

Crimes against businesses

– Latest tracker results shows increase Bryte Insurance has recently released its latest crime-tracker report, for the period July to September 2018. The Q3 2018 Bryte Crime Tracker serves as an indicator of long-term crime trends in South Africa as captured by insurance claims for the period from July to September 2018. According to Bryte, the Tracker […]

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investigation

FSCA investigations and enforcement

– New faces and new powers In Afrikaans there is a saying:“nuwe besems vee skoon” – “new brooms sweep clean” which implies that new employees often bring change or renewal to business. Is this the case with the appointment of the FSCA’s new Divisional Executive for Investigations and Enforcement? Mr Brandon Topham joined the FSCA […]

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Medical

CMS Circular 18 of 2019: Status update on Demarcation Regulations and a Low-Cost Benefit Package

The current exemption of indemnity products that are doing the business of a medical scheme expires on 31 March 2019. Entities that were granted exemption on their indemnity products in 2017, should submit renewal applications, which will be evaluated on merit, to extend the exemption period to 31 March 2021. The Council for Medical Schemes (CMS) mentioned that details […]

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