Enormous Damage to Insurers and Consumers Caused by Insurance Fraud

The victims of insurance fraud are not only the insurers, but also consumers. Money that insurance companies have to pay out due to insurance fraud is no longer available for legitimate claims afterward, and policy costs rise for every individual policyholder because of the fraud committed by a few. Insurance fraud is therefore highly antisocial behavior, because it harms not “only,” as many insurance fraudsters assume, the insurance companies, but above all their fellow human beings.

Our insurance detectives from Cologne uncover insurance fraud as well as insurance abuse in a legally compliant and court-admissible manner: +49 221 9859 2399.

Insurance Detectives from Cologne Against the Perpetrators’ Lack of Wrongdoing Awareness

According to the German Insurance Association (GDV), the annual damage caused by insurance fraud in accident and property insurance alone amounts to around 4 billion euros! Many insurance fraudsters are marked by a complete lack of awareness that they are committing a wrongful act. Insurance fraud is sometimes mistakenly regarded as socially acceptable. Alongside independent damage assessors, insurance detectives are the most important tools insurance companies have to expose insurance fraudsters.

It takes criminal investigative finesse to uncover insurance fraud, because in many cases the offenders are repeat perpetrators who explain the course of damage with plausible-sounding statements. In private households, it is the much-cited red wine stain on the Persian carpet, allegedly caused by the neighbor, while in road traffic one may find, in some cases involving organized groups, staged traffic accidents involving forcing the right of way as an insured loss, or the systematic damaging of high-value products in order to obtain payment of the claim amount. Our specialized investigators at the Aaden Corporate Detective Agency Cologne have already uncovered many different kinds of cases in the past and are happy to work for your company as well: info@aaden-detektive.de.