SOCP releases advice on spotting fraudulent claims

02-12-2019

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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