Business Standard

ICICI Lombard upgrading forensic methods to detect insurance claims fraud

ICICI Lombard is utilising the services of professionals, the latest technologies and forensics to verify insurance claims

icici lombard

Virendra Singh Rawat Lucknow
Private sector general insurer ICICI Lombard is upgrading the use of forensic methods to detect fraud in claims by companies, in the backdrop of rising incidents in this regard and loan defaults.
Lokanath Kar, its chief legal and principal compliance officer, told Business Standard they had empanelled experts to detect cases where fraudulent claims had been made by companies facing a financial squeeze or like issues. In cases of corporate fraud or default being reported every other day, insurance companies are trying to pre-empt prospective losses, he explained.
On a petition filed by the company regarding fraud in vehicle insurance claims, the

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First Published: Mar 31 2018 | 12:55 AM IST

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