There's actually a fraud hotline that you can call to alert possible cases of fraud - 1800–44–37283 or GI-FRAUD
This service was launched by the General Insurance Association of Singapore late last year in an effort to combat the persistent problem of insurance fraud in Singapore, particularly in motor insurance.
General Insurance Association of Singapore launches Fraud Hot-Line
In an effort to combat the
persistent problem of insurance fraud in Singapore, particularly in motor
insurance, the General Insurance Association of Singapore (GIA) is launching a
hotline (1800–44–37283 or GI-FRAUD), which customers and members of the public
can call to alert the Association to possible cases of insurance fraud. The
hotline will be operational 20 December 2013.
The general insurance
industry suffered a staggering $140 million in losses from inflated and
fraudulent motor insurance claims in 2012.
Such losses continue to undermine insurers’ financial position and
ability to offer lower premiums and write profitable businesses.
The GIA is therefore
stepping up its effort to combat insurance fraud. The GIA Anti-Fraud Committee
is intensifying its campaign to educate the public on this supposedly
“victimless” crime and its repercussions. At the same time, it is harnessing
the use of data analytics to track fraudulent and inflated claims and
advocating legislative measures to address the problem. Individually, general
insurance companies have also started setting up their own special
investigative units to detect and fend off fraud.
“We have to bear in mind
that the cost of insurance fraud to insurers is a cost to everyone because
industry losses from fraud must be recouped,” said Mr Derek Teo, GIA Executive
Director.
“Insurance fraud, then, is
everybody’s concern because we all pay the price. We seek cooperation from
members of the public to help us in preventing and combating this problem by
alerting us of any potential cases of insurance fraud by calling the hotline,”
added Mr Teo.
The GIA encourages motorists
and members of the public to call the hotline when: (i) they have information
on suspected fraudulent claims filed with motor insurers; (ii) they have been
offered money by touts to submit inflated or fraudulent claims to motor
insurers, or (iii) they have factual evidence that they are a victim of a
staged accident.
The hotline is open to offer
assistance to the public from 9am to 5pm, Monday to Friday.
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