07 February 2024
Based on the role of the Insurance Authority in contributing, along with
its partners from various government entities, to enhance the principles of
safety, protect the rights of customers and insurance companies, and combat
fraud, the Authority participated, in collaboration with the General
Directorate of Traffic and Najm Company, in organizing workshops to raise
awareness among accident assessors about insurance fraud methods and
illegitimate gains from vehicle accidents.
These workshops aimed to increase knowledge and awareness among individuals
responsible for assessing accidents, in order to combat fraud and illegitimate
gains from accidents, and to protect the rights of parties involved in
insurance contracts. This was done within a comprehensive study to find
solutions that lead to price stability for vehicle insurance policies.
One of the main causes of instability is fraud in insurance claims
involving suspected fabrication of accidents. This participation reflected the
Insurance Authority's belief in its role in regulating the insurance sector,
ensuring its stability, which has a positive impact on insurance markets,
companies operating in the sector, and all beneficiaries of insurance services.
It also emphasized the importance of integration and cooperation with all
relevant entities in the insurance sector, increasing insurance awareness
within the community, and raising awareness about the impact of these wrongful
practices on insurance prices.