Insurance fraud attempts in ESTONIA amounted to EUR 2.4 million in 2012

31 January 2013 —
Insurance companies operating in Estonia ascertained in 2012 a total of 250 insurance fraud cases with which fraudsters tried to get EUR 2.4 million, LETA/Public Broadcasting reports.

While in 2012, the total number of cases of insurance fraud ascertained by insurance companies fell by nearly 25%, the amount of money the fraudsters tried to get grew by over 26%, Estonian Insurance Companies Union announced.
 
In 2010 and 2011 the number of ascertained insurance fraud cases was 330 and 327 respectively.
 
While in 2011, the monetary volume of the fraud reached EUR 1.88 million, last year it grew to EUR 2.38 million. The growth came from addition of a few very large scale insurance fraud cases - while in 2010 and 2011, the biggest ascertained fraud cases remained below EUR 100,000, last year there was an attempt to get nearly EUR 400,000.
 
The Union's damage prevention manager Erik Ernits stated that the tendency of growth of sums refers to organised groups and wilful crimes.
 
Ernits said that it is positive that all types of insurance fraud fell last year. The number of cases where insurance case was staged or wilfully caused fell most. That concerned mainly staged traffic accidents and thefts.

Read the full story on www.baltic-course.com.

Insurance fraud attempts in ESTONIA amounted to EUR 2.4 million in 2012
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