New hotline for reporting insurance fraud

ALL content used in this not-for-profit blog remain the property of their respective owners.
http://www.channelnewsasia.com/news/singapore/new-hotline-for-reporting/928826.html?utm_source=dlvr.it&utm_medium=twitter

From Dec 20, members of the public who wish to report suspected cases of insurance fraud can call a new hotline by the General Insurance Association of Singapore (GIA).

The hotline, GI-FRAUD (1800 443 7283), can be used to alert the association to possible cases of insurance fraud, particularly in the motor insurance sector, where fraud cases are prevalent.

"Insurance fraud... is everybody's concern because we all pay the price," said GIA Executive Director Derek Teo.

Last year, the general insurance industry suffered S$140 million in losses from inflated and fraudulent motor insurance claims.

The GIA encourages the public to call the hotline if they have information on possible fraudulent claims filed with motor insurers, have been offered money by touts to submit inflated or fraudulent claims to motor insurers, or if they have evidence that they were the victim of a staged motor accident.

The hotline is open every weekday, from 9am to 5pm.