Insurance provides financial protection in case of unexpected losses, but spiking cases of insurance claim fraud following the tumultuous COVID-19 landscape threaten to undermine the welfare of insurers and policyholders alike.

According to the HK Legislative Council Secretariat, despite its prevalence, Hong Kong currently does not have specific legislation for insurance claim fraud. People may then exploit the legal loophole to defraud insurance companies. A professional insurance claims investigation can help mitigate risk and protect the goodwill of your customers.

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Choosing the right business partner can produce enduring success and deliver profits for your firm. Partner with the wrong business and the financial and reputational costs could be immense.

Doing the proper due diligence and background checks has always been important, but since the COVID-19 pandemic began in 2020, unscrupulous operators have sprung up to exploit corporates who are scrambling to patch up their supply chain.

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