How to fight insurance fraud

Let us make one thing very clear at the very outset: insurance fraud, like any other fraud, is a crime.

Before dealing with the specifics of insurance fraud itself, it would be worthwhile defining it and quoting a few facts and figures.

Putting it simply, insurance fraud is the deceitful misrepresentation of facts and can take various forms – from incomplete or incorrect information provided when a proposal form is completed, to submitting claims for events that never happened or exaggerating or inflating the value of claims for losses incurred from unfortunate events so that the claimant profits from such a transaction.

In general, insurance fraud is all about misleading your insurer and profiting from such deceit.

Since insurance inherently deals with the uncertainty of the future, prospective policyholders are requested to submit.....

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As reported on The Times of Malta on 9th January 2016