Insure Group's actions irresponsible and dishonest, we are t

Insure Group's actions irresponsible and dishonest, we are taking action


Insure Group's actions irresponsible and dishonest, we are taking action - FSCA
13 May 2021 5:11 PM
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Directors of Insure Group Managers are being debarred as financial service providers for lack of honesty and integrity.
_Daily Maverick _has reported on South Africa’s insurance market which has been involved in a scandal perpetrated by Insure Group Managers.
The directors of the group had allegedly been involved in intermediaries between insurance companies and customers taking R1.7 billion in premiums meant to go to the insurers to invest and make a profit out of them.
Divisional executive for Investigations and Enforcement at Financial Sector Conduct Authority (FSCA) Brandon Topham, says the case is old but it took time to finalise.

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