42% of South African's Believe It Is OK to Exaggerate Insurance Claims
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Gareth Williams- Head of Pre-sales EMEA, FICO talks Exaggerated Insurance Claims
Many financial institutions consider their fraud teams to be a necessary overhead to cut fraud losses, but the latest consumer survey from global analytics leader FICO shows that a successful fraud protection function can drive sales and increase revenue. The survey also reveals consumer attitudes and preferences regarding fraud checks – and indicates that many will commit fraud themselves to get a loan or file an insurance claim.
Many financial institutions consider their fraud teams to be a necessary overhead to cut fraud losses, but the latest consumer survey from global analytics leader FICO shows that a successful fraud protection function can drive sales and increase revenue. The survey also reveals consumer attitudes and preferences regarding fraud checks – and indicates that many will commit fraud themselves to get a loan or file an insurance claim.
