All with the same aim in mind.
If the industry is to succeed in the race to combat insurance fraud, brokers and insurers must unite and focus clearly on protective steps, tackling the growing problem as a team. Mihir Pandya explains.
The Association of British Insurers' survey at the end of 2001 showed what a huge problem insurance fraud has become. Two in three adults said they would make a dishonest insurance claim if they thought they could get away with it. With the insurance industry losing over £1bn a year through personal lines fraud alone, insurers have a responsibility to honest policyholders and shareholders to tackle fraud.The distinction between exaggeration and fraud needs to be established to determine what is
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