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Watch out for fake claims - NIC warns insurance companies

BY: Kwadwo Baffoe Donkor
A fraudulent motor accident claim can lead to a number of problems

With technology fast evolving, many are those who are using the new way of life to undertake negative and nefarious activities.

At the last insurance week celebration, it emerged that the rate at which some individuals are forging documents to make fake claims in the industry is rising.

Many insurance companies, in the quest to expedite action on claims made by customers as part of provision of quality services, are facing some challenges which do not augur well for insurers.

It is against this background that the Ashanti Regional Manager of the National Insurance Commission (NIC), Kofi Baffour Sencherey, has warned insurance companies desirous to expedite payment of claims to their customers to be cautious of fake claims.

He said while it was important and appropriate for insurance companies to pay claims to their customers on time, it was also important that they did not side step the process in an attempt to attract more clients.

According