GIA offers rewards of up to $10,000 for insurance fraud tip-off

Individuals with knowledge of wrongdoing should submit documentary evidence.

The General Insurance Association of Singapore (GIA) has launched a tip-off scheme that will reward individuals with the equivalent value of the fraudulent claim up to $10,00 for reporting insurance fraud cases that lead to the successful prosecution and conviction of violators.

Individuals with knowledge of insurance fraud are required to present documentary evidence such as detailed descriptions, e-document trails like screenshots, digital proof like call logs, and actual copies of documents to prove the suspected fraud. These can be submitted to the GIA website.

The GIA Insurance Fraud Tip-off (GIFT) scheme represents an effort from the association to combat insurance fraud and mitigate claims cost inflation.

“Insurance fraud costs the industry millions of dollars each year and affects both insurers and consumers. We introduced this scheme to encourage members of the public to play a more proactive role in tackling this problem together so that insurance in Singapore remains accessible,” Chang Sucheng, GIA Insurance Fraud Committee Convenor said in a statement.

The most common insurance fraud cases in Singapore are from the motor, travel and personal accident segments.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia