The industry in India is fed up with the number of pretenders who are giving legitimate companies a bad name. One of the most frustrating struggles faced by firms in India is the insurance fraud occurring as a result of fake agents pretending that they are selling real policies to unsuspecting consumers. The industry is now fighting back by becoming very active in battling this issue alongside the authorities. The Insurance Regulatory and Development Authority (IRDA) has been issuing occasional recommendations regarding what can be done to help to battle…
Read MoreInsurance fraud by fake agents targeted by firms
