News Life and Health03 Feb 2021

Asia Pacific sees highest percentage of medical claims fraud

| 03 Feb 2021

The insurance industry loses about $1bn in fraudulent medical claims each year, but it does not have the time, resources and scale to combat the problem. Asia Pacific also has the highest percentage of claims fraud, sitting at 4%; this is double that of the EMEA region and almost triple that of the US. This was the problem that RGA attempted to solve with their claims adjudication automation solution.

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