Watchdog to Toughen Screening of Suspected Insurance Fraud Cases
SEOUL, April 28 (Korea Bizwire) — South Korea’s financial regulator said it has decided to toughen its screening of suspicious insurance cases as part of efforts to prevent the excessive disbursement of insurance payouts through overtreatment. The Financial Supervisory Service (FSS) made an advance notice on the revision to the ‘insurance fraud prevention model standards’ [...]