RM1b lost yearly to fraud, say adjusters
Photo: New Straits Times
KUALA LUMPUR: Fraudulent motor insurance claims account for an estimated RM1 billion in losses annually, said insurance adjusters.
From the original report
Association of Malaysian Loss Adjusters (AMLA) chairman Y.K. Foo said the most prevalent fraudulent claims involved accidents, vehicle thefts, fires and staged collisions.
"While the majority of claims submitted to insurers are genuine, fraud remains a persistent issue," he said.
…
This is a brief of a report by another newsroom. The excerpt below is from the original.
Read the full report at New Straits Times
New Straits Times
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About this story
- Source
- New Straits Times
- Originally published
- Oct 3, 2026
- Updated here
- Oct 4, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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