Fraud prevention company XTND identified fraud in one in every five insurance claims investigated through its Veritas platform over the past year, helping insurers prevent more than R100 million in payouts, it says. Developed in 2011 as a web-based solution, the Veritas…
If your car is in the garage after an accident, a motor insurance add-on can help pay for getting around while you wait for repairs to be completed. The daily conveyance benefit pays a fixed amount towards travel expenses, but…
Average bodily injury (BI) claim payments increased 7.8% annually between 2017 and 2022, the IRC reports. Medical costs, litigation drive up auto claim severity
Insurance fraud is usually framed in terms of numbers — inflated claims, fraudulent billing, dollars lost. But behind those numbers, there are real victims, and in this case the fraud costs a person their recovery. So how do we stop this?
KUALA LUMPUR: Field checks remain the most vital tool in detecting fraudulent motor insurance claims despite advancing technology, said a loss-adjusting firm that handles over 800 cases nationwide every year. General Adjustment Expertise Sdn Bhd investigation manager Jegatheesan Balakrishnan said each…
The process, step by step.
An article joins this feed when it matches these terms. Each one is also a search of its own.