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.

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