"Insurer distrusts non-Western customer"

28th June 2007, Comments 0 comments

28 June 2007, AMSTERDAM – Insurance companies regard people with a non-Western nationality as a heightened risk for fraud. They are regarded with extra suspicion when they file an insurance claim or apply for a policy, De Telegraaf reports on Thursday.

28 June 2007

AMSTERDAM – Insurance companies regard people with a non-Western nationality as a heightened risk for fraud. They are regarded with extra suspicion when they file an insurance claim or apply for a policy, De Telegraaf reports on Thursday.

The newspaper says this is evident from a new automated anti-fraud system that more and more insurance companies are using to turn away those they fear may commit fraud.

The nationality of the insured individual is one of a number of factors that counts in assessing fraud risk, along with address, income and profession.

Last year EUR 1 billion in fraudulent claims were submitted to insurance companies. This loss is passed on to customers in the form of higher premiums. An automatic system that picks up on signs of fraud is one of a series of measures that the insurance sector hopes can cut down on fraud.

[Copyright Expatica News 2007]

Subject: Dutch news

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