350 Caught in Deliberate Motorcycle Accidents During Computer System Analysis

2020 Insurance Fraud Prevention Best Practices Contest
11 Cases Selected Including 'BaedalQuick Insurance Fraud' Analysis Case

The photo is not related to the article content. / Photo by Asia Economy DB

[Asia Economy Reporter Kim Hyo-jin] An employee of DB Insurance detected that the rate of motorcycle delivery service workers in their teens and twenties involved in car accidents was excessively high in a specific area, and that accidents were concentrated during times when deliveries were not being made. The unusually high rate of passengers riding on the accident motorcycles also raised suspicions.

By analyzing accident frequency, passenger relationships, and accident videos using the Integrated Financial Data System (IFDS), it was revealed that many cases were insurance fraud schemes orchestrated in collusion with acquaintances to claim insurance money. Based on this analysis, DB Insurance collaborated with investigative agencies to identify over 350 insurance fraudsters.

The Financial Supervisory Service (FSS) announced on the 15th that it selected 11 outstanding cases with high expertise and practical application, including the top prize-winning case titled "The War on Insurance Crime with OO Region's Young Delivery Workers (Delivery Quick Service)" from the '2020 Insurance Fraud Prevention Best Practices Competition.'

The FSS holds this competition to discover and share excellent insurance fraud investigation cases and prevention activities, aiming to improve the quality of insurance fraud investigations and enhance response capabilities. A total of 67 submissions were received for this competition, including 38 investigation cases and 29 prevention and publicity activities.

Alongside the grand prize case, various cases such as analysis of insurance fraud trends related to imported cars using counterfeit parts tuning, establishment of AI-based insurance fraud method and pattern analysis systems, and development of mobile-based evidence collection methods for suspected insurance fraud received excellence awards.

The FSS plans to actively utilize the outstanding cases and proposals received and selected this time to improve systems and work practices for insurance fraud prevention, as well as for prevention education and publicity activities.

Additionally, the FSS stated that it is strengthening guidance and supervision to prevent insurance companies from infringing on consumer rights during insurance fraud investigations and will respond strictly if any violations occur.

This content was produced with the assistance of AI translation services.