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Allianz Commercial's detected fraud grows 11%

Posted On: Jan. 13, 2023 9:38 AM CST

Fraud

German insurer Allianz SE's commercial division Allianz Commercial said that it detected fraudulent activity worth £70.7 million ($86.2 million) in 2022, up 11.2% year-on-year, Claims Media reported. Application fraud, where a customer provides false information to purchase a policy, has grown significantly.