When it comes to cases of fraud, companies in the insurance business are used to dealing with vehicle owners and their accident claims. But a new trend is surfacing: fake travel insurance claims.
With more people consumed by wanderlust and becoming rather savvy about international travel, buying insurance to protect yourself is the natural next step after booking your flight.
As reported by The Straits Times, besides personal accident and health, travel insurance made up about 21.6 percent of the industry's business in 2015 — higher than years before, but still losing out to motoring coverage.