News Non-Life04 Sep 2019

New Zealand:Insurers collaborate to form bureau to combat fraud

| 04 Sep 2019

The Insurance Council of NZ has launched the Insurance Fraud Bureau (IFB), to tackle such wrongdoing that costs insurers in New Zealand up to 10% of gross written premiums every year. At current estimates, annual fraud losses are up to NZ$614m ($386m).

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