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Monday, August 3, 2026
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Fraud
South Korea identifies US$790m in insurance fraud cases in 2024
March 11 2025
The FSS plans stricter oversight, awareness campaigns, and collaboration with authorities to combat evolving fraud schemes.
Korean regulator unearths broker-led insurance fraud ring
May 30 2024
Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.
ICA appoints Andrew Gill to lead new counter fraud and scams function
May 21 2024
ICA launches new counter fraud function aiming to tackle undetected fraud which is estimated to cost the insurance industry around AU$400m a year.
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