Global Insurance Fraud Detection Market was Worth US$ 6.5 Bn in 2021

Digitization market by number of mobile devices and social media is changing the business landscape for all the sectors including insurance sector. With the advancements in technologies, insurance companies are harnessing the technologies such as artificial intelligence and data analytics for fra...

IRDAI WARNS PEOPLE AGAINST BUYING MOTOR INSURANCE FROM FRAUD COMPANY

HIGHLIGHTS

• IRDAI has urged people to not to buy motor insurance from Digital National Motor Insurance.
• Digital National Motor Insurance is a Bengaluru-based fraud company.
• This company does not have any license to sell insurance.

Insurance scene of India will be revolutionized by a new campaign

The Life Insurance Council of India has decided to launch a massive media campaign to provide the necessary push to the industry. The media campaign will be topped with the slogan of Sabse Pehle Life Insurance (first thing is life insurance) and the unique thing about the campaign is that it will...

Insurance Fraud in the Indian market cause of stunted growth?

India is a huge market for insurance but the industry is bleeding losses due to fraud. Insurance fraud leads to around Rs 40,000 crore every year and makes up for 8.5 percent of the revenue that the industry generates. Many companies are starting up with separate departments just to access/ ident...