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Life Insurance Fraud
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Author: Andrew Corbett
 Date: October 3, 2005

Summary:
Life insurance fraud is on the increase, making victims of companies and policy-holders alike. Whilst annual fraud losses to European life insurers are not calculated as such, industry experts anticipate they are in the region of 1.5 billion USD. Apart from the impact on company profits, fraud severely undermines the insurance industry’s integrity and if losses continue to fuel rising premium prices, EU and national governments are likely to step up regulation of the industry, in turn increasing operating costs for insurers.



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