Thursday 28 November 2013

Present face of insurance in Cameroon

ImageTalking about the insurance sector of Cameroon, The similar trend has been going over there where all the companies in different part of Cameroon and Yaoundé are experiencing the worst effects of insurance fraudulent claims through wide variety of compensations and recoveries of multiple claims which includes Medi-Claims s, Property, Travel Insurance, Third Party, Recovery of the theft in case of vehicles, Life Insurance, Accident and much more. These are some of the example of area of cheat where people in Cameroon are taking the advantages to draw the money illegally.
Likewise, it has raised the level of frauds in this sector and the companies working under this category are facing the harmful effects and taking millions of dollar of losses per year. The situation seems to go out of control where the companies want to have the superior Insurance investigations in Cameroon to protect the entire companies who are project to have enormous losses per year. The condition may go more worse if it is   not control at this level and take due care to monitor entire activities taking place. This has been one of the areas where companies are experiencing huge monetary losses due to huge payments of policies. The unending losses due to such practices have raised the tensions and worries of all those organization working under the insurance sector of Cameroon.
It is has become the sincere interest of the companies to use the Insurance investigations in Cameroon to protect the entire sector from huge losses which are going out in the payment policy. The prime purposes of insurance investigations to find the faked material utilized in getting the compensations from the companies.  This is quite essential to verify the risk covered or sum insured to materialize numerous constraints on the policies. It is good interest of the companies to take the assistance of investigators to protect their processes from unwanted losses due to faked or stage death cases.

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