Sunday 27 November 2022

Insurance companies spot 13,000 fraudulent claims, more companies are cheating


Insurance companies prevented some 13,000 attempts to make fraudulent claims last year, which is in line with 2020, but more companies tried to fiddle their insurance.

The Dutch insurers association Verbond van Verzekeraars said attempts to defraud members of over €85 million were foiled during the year.  In total, 1,198 companies attempting to commit fraud were spotted, a rise of 13% on 2020.

‘We are paying an increasing amount of attention to business fraud,’ the association’s director Richard Weurding said. The number of companies now included on a special ‘watch list’ accessible to all insurance companies has more than doubled, he said.

The most popular form of fraud involved car insurance, which accounted for 54% of fraudulent claims and were often based on exaggerating the damage.  Property insurance accounted for 26% of claims and personal liability cases 12.5%.

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