General Insurance Article - Indian insurers facing big increase in fraud


 A new report by research company Indiaforensic indicates that insurance fraud losses in India nearly doubled to R300bn($6.6bn) in the last five years.
 Fraud losses in the life sector last year grew 103% from R131.48bn in 2007 and non-life by 70% from R21.4bn.
 The fraud bill represents around 9% of the estimated size of the industry, reports Asia Insurance Review.

Back to Index


Similar News to this Story

5 insurance musts for renting your home as a holiday let
Over 90 million guest stays were recorded in UK short-term holiday rentals last year – a 10% jump from the previous year – yet most homeowners are unk
Underestimating earthquake losses from sonic boom blind spot
MS Amlin study finds destructive supershear ruptures are behind two thirds of insured earthquakes losses – yet are excluded from catastrophe models. I
Goal-den rules for travel insurance ahead of the World Cup
Thousands of UK football fans are planning to attend this year’s World Cup, and much like a passport, travel insurance remains an essential for anyone

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.