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Insurance Day Asia

TAIWAN INSURERS SUFFER FROM MEDICAL HEALTH FRAUD

Taiwanese insurance fraudsters are resorting less often to self-mutilation in attempts to claim on personal accident insurance policies, but fraudulent medical claims were still on the rise, according to Wisher Wang, of the Insurance Anti-Fraud Institute of Taiwan. Speaking in Singapore at a conference organised by the Singapore Insurance Institute, Mr Wang said that there had been about 100 cases of self-mutilation in the past decade, and a similar number of fake deaths, but their frequency was falling. However, frauds by hospitals were on the increase. More than 100 false medical claims were being recorded a year in Taiwan, the conference was told.

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