SOCP releases advice on spotting fraudulent claims


Claims professionals have been advised how to approach distinguishing between fraud and the misinterpretation of policies. In accordance with the FCA’s definition of insurance fraud being: “when someone invents or exaggerates a claim or does not tell the truth in order to obtain cheaper cover", the Society of Claims Professionals (SOCP) has released a good practice guide to spotting fraud.

SOCP, FCA, Fraud, Insurance, Reinsurance, Good practice guide, Jeremy Trott, UK

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