Working together with a shared database platform to prevent and fight fraud.
The Malta Insurance Association (MIA) is a non- profit organization that represents the views and common interests of all insurance companies in Malta, both indigenous and foreign. Every insurer transacting insurance, whichever its line of business, is eligible for membership within the association. Since Malta is a small country there are about twenty insurers currently active in the market.
MIA acknowledged that insurance fraud is a serious problem for the insurance companies active in Malta (i.e. their members) and that fraud had a significant effect on their loss ratios. MIA’s request for FRISS was: How can insurers work together to prevent and fight fraud? Do you want to know the outcome? Donwload the case below.