Increase in insurance fraud directly impacts honest policy holders
Increase in insurance fraud directly impacts honest policy holders

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Moonstone Monitor | 11 March 2021
IN THIS WEEK'S ISSUE
From the Crow's Nest
Your Practice Made Perfect
Motor dealers - Make sure you know where your client's money is coming from
FSCA requires FIC compliance information by 31 March 2021 - read FAQs here
CMS invites role players to webinars on fraud, wastage and abuse
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FROM THE CROW'S NEST
Insurance fraud is a global phenomenon
Submitting a false claim or exaggerating a genuine claim is seen as a "drop in the ocean" in the finances of insurance companies, but the reality is very different. Globally there has been an increase in insurance fraud that directly impacts the honest policy holder.
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Fit and Proper Manager
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YOUR PRACTICE MADE PERFECT
Motor dealers - Make sure you know where your client's money is coming from
The Financial Intelligence Centre has launched an awareness campaign aimed at equipping motor vehicle dealers with the tools and know-how to help identify and mitigate the risk of financial crimes such as money laundering.
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YOUR PRACTICE MADE PERFECT
FSCA requires FIC compliance information by 31 March 2021 - read FAQs here
A Directive to provide information to the FSCA must be completed by every accountable institution listed in items 5 and 12 of Schedule 1 to the FIC Act. All these accountable institutions would have received communication from the FSCA on 19 February 2021 about the DPI becoming available on 1 March 2021.
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YOUR PRACTICE MADE PERFECT
CMS invites role players to webinars on fraud, wastage and abuse
The Council for Medical Schemes in collaboration with the Health Professions Council of South Africa are hosting the Fraud Waste and Abuse (FWA) webinar to unpack industry Codes of Good Practice and establish an FWA Tribunal. This time, medical schemes will also be allowed to provide input.
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TECHNOLOGICALLY SPEAKING
Fraud prevention: more tips to avoid online scam
In response to the rising fraud in South Africa as well as globally, PayPal provides consumers with fraud prevention tips to avoid online scams.
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Career packages
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CAREERS PLATFORM
Featured Positions
Wealth Managers: GTC national offices. GTC, one of South Africa’s leading advisory practices (formerly Grant Thornton Capital), has several vacancies for wealth managers. As a consequence of the counselling requirements of Section 36 of the Pension Funds Act, GTC is required to provide financial advice to numerous members on an ongoing basis. GTC seeks wealth managers to fulfil this advisory role. These positions are in each of the GTC offices around the country and accommodate financial planners with varying degrees of experience and expertise.
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Commercial Accounts Executive: Constellation Financial Services, Johannesburg. We are a young, dynamic, independent short-term insurance brokerage based in Johannesburg looking for experienced commercial sales professionals. If you are passionate, hardworking, and driven to succeed, you’re just what we are looking for. We require a minimum of 5 years short-term commercial insurance experience with 2 years commercial insurance sales and marketing experience.
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POPIA Specialist: Moonstone Compliance, Stellenbosch. We have a position for a POPIA Specialist. The successful candidate will be appointed as a specialist regarding regulatory compliance and risk management as it pertains to the POPI Act. They will be responsible for the development of a POPIA regulatory compliance service offering, and the building and maintenance of our POPIA client base.
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Student Acquisitions Administrator:Moonstone Business School of Excellence (MBSE), Stellenbosch. We are looking for a candidate who will be responsible for implementing the MBSE Sales Strategy for inbound sales activities, establish contact, develop, and maintain relationships. To qualify for this position you will need a Grade 12 certificate, Call Centre or tele service experience and must have the ability to interact with clients and communicate effectively.
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Administrative Assistant / Relationship Manager: Galileo Capital (Pty) Ltd, Johannesburg. Galileo Capital is looking for a self-managed, self-motivated, and coachable young individual to join as a personal assistant/relationship manager. The role incumbent will work in a team and assist the financial planner and para planner with all administrative tasks in respect of managing client relationships and be responsible for all service requirements from clients.
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IN LIGHTER WYN

The English Language??

We'll begin with a box, and the plural is boxes;
but the plural of ox became oxen not oxes.
One fowl is a goose, but two are called geese,
yet the plural of moose should never be meese.
You may find a lone mouse or a nest full of mice;
yet the plural of house is houses, not hice.

If the plural of man is always called men,
why shouldn't the plural of pan be called pen?
If I spoke of my foot and show you my feet,
and I give you a boot, would a pair be called beet?
If one is a tooth and a whole set are teeth,
why shouldn't the plural of booth be called beeth?

Then one may be that, and three would be those,
yet hat in the plural would never be hose,
and the plural of cat is cats, not cose.
We speak of a brother and also of brethren,
but though we say mother, we never say methren.

Then the masculine pronouns are he, his and him,
but imagine the feminine, she, shis and shim.

(Thanks for sharing, Karl-Heinz Michel)
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