The Impact of False No-Claims Incidents on Insurance Applications
The insurance sector is facing a rise in fraudulent activities, especially false no-claims incidents. Specifically, applicants falsely claim no previous insurance claims to get lower premiums, thus increasing fraud in insurance applications. Consequently, this deceit distorts risk assessment models and disadvantages honest policyholders, causing financial repercussions. Therefore, this article explores the causes, impacts, and solutions … Read more