They tried to make a policy after the loss however they are caught!
Sigorta Medya reported that statistics announced by the Insurance Information and Monitoring Center revealed that insurance holders are mostly caught when trying to take out a policy after the damage and available data confirmed that the branch with the highest rate of frauds in the first half of the year was car insurances.
Insurance fraud is a critical problem all around the world and it is reported that it does not only damage the insurance sector but also exposes the insurance companies to the cost overruns caused by the frauds and insurance holders are obtained to pay higher premiums since these costs are reflected onto the insurance policies.
It is reported that insurance frauds in the sector are monitored through database of Insurance Fraud Information Sharing System (SISBIS) that is a branch of the Insurance Information and Monitoring Center (SBM) and, according to the SISBIS statistics, total 1362 frauds were notified in the first half of 2017 and 1018 of these were notified by the insurance companies and 344 were reported by other resources; majority of the insurance frauds is based on excuse of “hit and run”, change of drivers, fake Accident Report (KTT) and planned damage methods.
Source: Sigortamedya.com.tr
Insurance fraud is a critical problem all around the world and it is reported that it does not only damage the insurance sector but also exposes the insurance companies to the cost overruns caused by the frauds and insurance holders are obtained to pay higher premiums since these costs are reflected onto the insurance policies.
It is reported that insurance frauds in the sector are monitored through database of Insurance Fraud Information Sharing System (SISBIS) that is a branch of the Insurance Information and Monitoring Center (SBM) and, according to the SISBIS statistics, total 1362 frauds were notified in the first half of 2017 and 1018 of these were notified by the insurance companies and 344 were reported by other resources; majority of the insurance frauds is based on excuse of “hit and run”, change of drivers, fake Accident Report (KTT) and planned damage methods.
Source: Sigortamedya.com.tr