Allianz Commercial's detected fraud grows 11%
Posted On: Jan. 13, 2023 9:38 AM CSTGerman 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.