A report in The Telegraph revealed that insurers were beginning to detect increasingly sophisticated fraudulent claims in the pet insurance market.
Examples cited in the article included getting rid of the animal by selling or even killing it, injuring pets in fake accidents and ‘disappearing’ animals to satisfy policies that pay out if a pet is lost or stolen.
In some cases, insurers believe that vets have colluded with pet owners to claim for expensive treatments that were not required or were
- Swinton targets becoming largest digital broker in the UK
- NIG adds Farm Combined to FarmWeb e-trade platform
- Optimism among brokers falls slightly
- Broking Break - Your Top Five
- InsurTech Futures: Axa launches automatic compensation for late flights product
- Aviva "disappointed" after watchdog bans Aviva Drive app ad
- Biba launches scheme for transportation risks