Insurance exists to protect whoever buys it, their belongings or those around them from an unexpected event: a medical or funeral expense, repair or replacement of an object that was damaged or stolen ...
The Compulsory Traffic Accident Insurance Soat is not only one of the policies with the highest loss ratio and evasion, but it is also the one most used by some individuals to defraud the insurance ...
The regulatory framework for Colombia's mandatory traffic accident insurance, SOAT, must be updated so that systemic fraud via medical expenses can be stamped out, according to the insurance industry.
About 7.1 million vehicles, revealed the Federation of Colombian Insurers (Fasecolda), do not have Compulsory Traffic Accident Insurance (SOAT). The guild highlighted that of the 16 million vehicles ...
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