>

The number of insurance frauds in the world will grow to more than double in 2009

Jul 17th, 2009 | By admin | Category: Main News

largest Swiss insurer Zurich Financial Services AG anticipates an increase in the number of fraud in the insurance sphere in the world more than doubled in 2009 against the backdrop of a recession, reported Bloomberg.

According to the company, Christian speaker, the growing number of insurance frauds in the world could reach 128% as compared to the current level. A similar increase was registered by the Securities and Exchange Commission (SEC) in the United States at the time of the collapse of Internet companies in 2002-2003.

C. He refused to name the exact number of fraud cases, has already identified Zurich Financial.

Profits of insurers around the world declined from the beginning of the financial crisis in 2007 to $ 243 billion due to write-off of credit and investment losses.

According to the Association of British Insurers (ABI), in the UK costs associated with cases of fraud that were not prevented, increased last year by 24% - up to 1.9 billion pounds ($ 3.1 billion) from 1, 6 billion pounds in 2006.

In an economic downturn the number of fraud increases, - said K. He. - We want to be prepared and able to withstand the consequences.

Zurich Financial has expanded the state unit to combat fraud and has initiated measures such as detailed interviews with suspicious individuals, requiring the payment of insurance compensation.

Methods of combating fraud in the field of life insurance designed well enough, because here they are found more frequently and in so doing, we are dealing with a more standard, - said K. He, adding that in the field of commercial insurance fraud is also significantly .

Insurers are now identifying more fraud than ever before, said ABI. For example, last year in the UK have been identified fraud in the insurance sphere in the total amount of 730 million pounds, representing a 30% higher than the level in 2007.

Ex-Finance Minister Pynzenyk considers unrealistic performance of the state budget-2009
Cabinet need to reduce the cost of 20 billion
Among the papers second tier are allocated shares of metallurgists, as well as aircraft coming in 10% after quarterly report paper Mosenergo
Today, the price of shares GMK Norilsk Nickel rose almost 4%
Recommendations on the stock market: LUKOIL, MMC Norilsk Nickel, Rostelecom, Gazprom, Mosenergo, Surgutneftegaz, Sberbank
Precious metals market review for 16.07.09
European stock markets closed on Thursday, rising to a monthly maximum of
Yesterday, a pair of Euro /dollar to the U.S. session trading in a 1.4095-1.4165
Asia: Rubin remarks raised hopes of

Leave Comment

You must be logged in to post a comment.