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Anti-fraud insurance campaign in Saudi Arabia

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Magazine Issue: 
2019, the year of all challenges [3]
Magazine date: 
Feb 2019

FraudIn collaboration with local insurers, the Media and Insurance Awareness Committee has launched a fraud-awareness campaign.

The campaign aims to develop transparency and draws the attention of policyholders to the risks involved in the event of forgery of documents.

Many cases of insurance fraud [4] have been reported in Saudi Arabia. Tampering relate in particular to insurance certificates provided by companies and insurance agents.

The Saudi law punishes insurance fraud by imprisonment of 1 to 5 years and a fine of 400 000 SAR (106 000USD).

Tue, 26/02/2019 - 09:05

Source URL: https://www.atlas-mag.net/en/article/anti-fraud-insurance-campaign-in-saudi-arabia

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[3] https://www.atlas-mag.net/en/issue/2019-the-year-of-all-challenges
[4] https://www.atlas-mag.net/en/article/insurance-fraud-detection-and-cost-to-industry