Over 6,400 cases of insurance fraud were established in 2022

According to the investigation carried out by the Insurance Companies Association of Greece ( ) among its members, 6,424 cases of insurance against Insurance Companies were verified in 2022, with the assessment of the economic benefit of these companies reaching 10 million euros. There is an increase in the number of fraud cases identified in relation to the previous year (2021) in the EUPM investigation, which proves that the fight against insurance fraud is a primary objective for the Greek insurance market. Furthermore, the investigation shows that fraud is found in all insurance sectors and is not limited to the car industry. Charles Saias, Chairman of the Insurance Fraud Prevention & Response Committee said: “Insurance fraud a phenomenon that employs insurance companies worldwide as it hits the foundations of the insurance institution by burdening not only insurance companies but especially insurance companies. The EUPM and the Greek insurance market are systematically active in combating it by action in the fields of information, development of partnerships with authorities and bodies, internal organisation and market education and statistical data collection. As the investigation shows, significant progress has been made in the organisation of the market, as the cases of fraud verified are increasing. We will intensify our work in this direction as it is our duty to protect our insured.”