Fraud – (Re)in Asia

Fraud

South Korean insurance fraud hits historic high in H1 2023: Report

November 14 2023

Insurance fraud surges 21.8% in first half of the year, with a spike in cases involving industry professionals and organised crime.

A mechanic is writing on a clipboard in front of a car.

Japan's FSA expected to conduct on-site inspections of Bigmotor and Sompo in September: Report

September 5 2023

Bigmotor and Sompo face imminent inspection by Japan's financial watchdog, as part of an investigation into fraudulent claims made by the user-car dealership.

japanese-motor-insurers-in-the-spotlight-as-bigmotor-fraud-scandal-further-scrutinised

Major Japanese insurers in the spotlight as Bigmotor fraud scandal scruitinsed further

July 27 2023

Bigmotor submitted thousands of false insurance claims; enquiries are being made whether there’s more insurers should have done.

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