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International

Fraudulent insurance claims growing in South Korea

April 24, 2019 Reprints

South Korea's financial regulator said that there were $698 million worth of fraudulent insurance claims in 2018, up 9% from the previous year, Asia Insurance Review reported citing sources. Industry experts said that growing fraud would hamper insurers' financial capacity and lead to rise in insurance rates.

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Fraudulent insurance claims growing in South Korea

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