Home » Tunisia insurance company federation announces agency to combat insurance fraud

Tunisia insurance company federation announces agency to combat insurance fraud

by Derek Andrews
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The Tunisian Federation of Insurance coverage Corporations (TFIC) announced to the native media Monday the creation of the Company to Fight Fraud and Scams (ALFA) within the insurance coverage sector. This resolution was shared with the general public through a social media put up.

The ALFA’s purpose is to deal with the growing problems with fraud and scams throughout the insurance coverage sector. Such fraudulent actions not solely hurt the insurance coverage firms who need to bear important monetary losses but in addition shoppers who’re consequently compelled to pay larger insurance coverage premiums.

In line with a press release made by the TFIC’s government director Hatem Amira, the ALFA will make sure the coordination and trade of knowledge between its completely different members and authorities to assist the judicial and safety programs of their efforts to counter insurance coverage fraud. The specialised company can even be accountable for analyzing fictitious accident information and fraud instances. Its exercise additionally contains publishing research about scams and fraud within the insurance coverage sector.

In one other statement, Amira additional detailed that though insurance coverage fraud, significantly in automobile insurance coverage, has been happening for many years, the variety of instances and the complexity of the methods used have elevated considerably lately. Sometimes, motorists commit fraud to say compensation from firms, which they then use to exchange or restore broken components of their autos. Nevertheless, the phenomenon received dangerously worse with the involvement of legal networks in insurance coverage fraud.

The TFIC’s government director additionally highlighted that the monetary losses attributable to insurance coverage fraud account for 10 % of the full worth of compensations, amounting to over 80 million Tunisian Dinars in 2023, in a rustic with 24 insurance coverage firms.

Amira recommended the institution of the brand new anti-fraud company and mentioned that its creation strengthens the continued efforts of insurance coverage professionals to fight one of the harmful threats to nationwide financial safety. The ALFA is about to begin its exercise in 2025.

Source / Picture: jurist.org

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