Abstract
Insurance fraud may be defined as intentional deceit of an insurance company by a beneficiary with goal of earning financial gains before or after issuing of the policy. It may occur in many types. One of the insurance fraud types is self-cutting of the insured for insurance claim. However it sounds unbelievable, it is a fact which is getting more prevalent day by day. In this study it is aimed to provide an overview of the type, scale and impact of insurance fraud in Turkey, and particularly self-cutting for the insurance claim over a case study. Insurance fraud has an impact not only on insurers but also on the insureds. Therefore reducing and deterring the insurance fraud is significant, and it is also aimed to offer the actions to reduce insurance fraud in this study. Insurance fraud has an impact not only on insurance companies but also on the insured. Therefore reducing and deterring the insurance is significant. In this study it is aimed to provide an overview of the type, scale and impact of insurance abuses in Turkey and the UK. It is also aimed to specify the measures and the institutions on fighting against insurance abuse in Turkey and in the UK as well.
Highlights
Insurance fraud may be defined as intentional deceit of an insurance company by a beneficiary with goal of earning financial gains before or after issuing of the policy
In Turkey, per year average 100 thousand fire accidents occur, and this number is increasing 10% every year21. This table may be assessed as increase in awareness for fire insurance abuses since there has been an increase over 10% in the number of fire in the country for the year 2017
Households in United States of America that insurance abuse is common as well as insurance abuse is a fact which is regarded more acceptable and tolerant compared to the other financial crimes
Summary
Insurance abuse is the intentionally deliberate deception of the insurer by the insured person through an unrealistic declaration or concealment of an important truth that would change the insurer’s judgment in order to gain unfair profits. BC to transport corn on ship by borrowing, to sell the corn, and to get out of debt by intentionally sinking the ship and declaring that the corn sank with the ship. He could not succeed and the fact was noticed.. Abuse is carried out by knowingly giving false information to the insurance company or hiding important information, when the policy is drafted, to ensure that the insurance company draws up a contract not to be made under normal conditions. Abuse is carried out by causing intentional damage within the insurance period or by showing the degree of the damage more than the actual or by showing the form of damage differently. When we approach from the point of view of the policyholders, insurance abuse is the main reason of the unfair and unjust insurance premium
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