Fraud is the premeditated commission of a serious criminal offence which merits trial on indictment before a judge and jury in the criminal courts.
Thanks to the efforts of our clients and members, we have prevented numerous fraudulent claims to date, and we need your continued assistance to achieve our goal of eradicating insurance fraud from our business entirely.
Insurance fraud is often wrongfully perceived as being a victimless crime - but this could not be further from the truth. Submitting a false claim or exaggerating a genuine claim is seen as a "drop in the ocean" in the finances of insurance companies, but the reality is very different.
Whilst the vast majority of claims made to International Private Medical Insurance companies are genuine, a small minority of people make fraudulent and exaggerated claims. In each country, insurance fraud costs insurance companies an average of approximately €200 million annually which ends up being paid by honest policyholders - like you.
International Private Medical Insurance companies identify and investigate suspected cases of insurance fraud on a daily basis. These include cases that involve non-disclosure at proposal stage, or where individuals who find themselves at a loss in circumstances not covered by their insurance policies alter the details of their claims to fraudulently obtain compensation from their insurance company. On the other end of the scale cases have been reported that involve crime gangs who have targeted insurance companies as a means of funding their criminal enterprises.
Insurance fraud is a crime and like all crimes it must be stopped.