Analysis

Opinion: Opportunistic fraud is thorn in sector’s side

By 2025-04-09T06:00:00

thorns

Processes combating criminal insurance fraud are working well, according to industry experts, but opportunistic fraud is much more problematic due to its roots in genuine claims and policy applications

In many ways, insurance is very black and white. Each policy will have its own terms and conditions, detailing precise elements of cover, while claims payouts are based on specifically sought after data points and information.

However, one undesirable facet of the market that plays decidedly in the grey is opportunistic fraud – where claims for genuine incidents may be exaggerated or risks misrepresented on policy applications in order for insureds to obtain what they view as more bang for their buck.

Read more…

Explore more fraud related content here, or discover more briefing articles here

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.