Country Profile - India: Indian Non-life Insurers – Victims of "Victimless Crimes"
Source: Asia Insurance Review | Jan 2009
Insurance fraud is a crime. However in a country like India where the concept of insurance is not popular among the population, insurance fraud is regarded rather lightly. In this article, Dr George E Thomas, Chief Manager, Tariff Advisory Committee, gives his views that concerted actions are required by the Indian government, the regulator and insurers to stop these crimes and insurers should also have internal fraud prevention strategies in place, integrated with the companies’ overall business strategies.
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