ALLIANZ STOPS RM5.6MLM OF FAKE INSURANCE CLAIMS

KUALA LUMPUR: Allianz General Insurance Company (Malaysia) Bhd has stopped bogus insurance claims worth RM5.6 million between 2014 and 2016. Head of Claims Jayapragash Amblavanar said insurance fraud was a growing concern in Malaysia and the company reported an average of at least six fraud cases per month between 2014 and 2016. "Single digit cases being reported in a month may not seem like a big problem to some, but it shows that insuranc...

TheSunDaily.my (Date:07/18/2017 09:34) Read full article >>

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Malaysia: Malaysia is a federal constitutional monarchy in Southeast Asia. It consists of thirteen states and three federal territories and has a total landmass of 329,847 square kilometres separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and Malaysian Borneo. Land bord
- Malaysia Wikipedia
Allianz PhotoAllianz: Allianz SE is a German multinational financial services company headquartered in Munich, Germany. Its core business and focus is insurance. As of 2010, it was the world's 12th-largest financial services group and 23rd-largest company according to a composite measure by Forbes magazine, as well as th
- Allianz Wikipedia
Company: A company is an association or collection of individuals, people or "warm-bodies" or else contrived "legal persons" . Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared g
General: A general officer is an officer of high military rank, usually in the army, and in some nations, the air force. The term is widely used by many nations of the world, and when a country uses a different term, there is an equivalent title given.
Fighting: Combat or fighting is a purposeful violent conflict meant to weaken, or establish dominance over the opposition, or to kill the opposition, or drive the opposition away from a location where it is not wanted or needed.
Insurance: Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
Insurance Company: Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.