Business News of Monday, 19 July 2021Source: www.ghanaweb.com• More than 25% of insurance claims in Ghana are fraudulent• This was revealed by the Commissioner OF Insurance, Dr. Justice Yaw Ofori• The NIC has assured it is working to put an end to the situationThe National Insurance Commission (NIC) has disclosed that about 25 percent of insurance claims made in Ghana are fraudulent. According to the Commissioner of Insurance, Dr. Justice Ofori, while 40 percent of claims are fake globally, the country is dealing with over 20 percent fraudulent claims which include inflating claims, staging claims, and sometimes people staging their death to make a life claim. That is one of the reasons why insurance claims need a lot of investigation. I don’t have the specifics, but in Ghana, we should be looking at about 25 percent fraudulent claims. It could be inflating claims, staging claims, and sometimes people staging their death to make a life claim,” he noted.

Source: GhanaWeb July 19, 2021 12:45 UTC