claims fraud
What will drive APAC’s insurance claims market to grow 16.6% annually?
What will drive APAC’s insurance claims market to grow 16.6% annually?
AI and data analytics will catapult the global industry to bag $638.3b by 2032.
MAS says insurance disputes rare with most resolved by mediation
FIDReC completed an average of 246 mediation and adjudication cases.
Insurance fraud worldwide estimated to exceed $80b annually in 2025
Asia-Pacific reported a 22% year-on-year increase in fraudulent claims in 2023.
Shriram General wins ₹28.6m claim case with fraud ruling in Rajasthan
The case involved a Toyota Fortuner insured by SGIC.
Insurance fraud detection market to hit $31.8b by 2032
APAC demand for fraud detection tech surges.
Singaporean woman faces jail time for fake travel insurance claims
Her fraudulent insurance claims amounted to more than $10k.
Allianz Malaysia CEO calls for unity vs motor claims fraud
Motor claims fraud costs the industry $240.5m (MYR1b) per year, he said.
Thought Leadership Centre
In Association with
Most Read
1. India insurance market sees moderating premium growth: Report 2. Singapore’s non-life insurers see growth as offshore business expands 3. Manulife to sell MVI Life to Japan’s Asahi Life 4. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fire 5. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniorsResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Showcase your achievements and gain recognition for shaping the future of insurance.
Commentary
AI isn’t replacing insurance, it’s finally making it work