UAE – Smart insurance uncovers fraud
Saturday, 10 20 2018, Category: Insurance and Reinsurance, Country: U.A.E
The smart technologies adopted by insurance companies reveal fraud and abuse especially in health and motor insurance. This can help decrease operating costs and offer contracts at competitive terms.
Moreover, the secretary general of the Emirates Insurance Association, Mr. Fareed Lutfi said that smart insurance is one of the most important developments witnessed by the market as it proved to have a positive impact on the profits and finances of insurance companies. He indicated that automation would affect all aspects of insurance including motor and health insurance in order to limit abuse and fraud.
Source: Al Roeya - UAE