Guljinder Singh

Insurance fraud awareness gap
A Canadian survey found only 58% avg. correctly flagged common real-world insurance fraud scenarios.
Most respondents said fraud raises premiums (90%) and is serious (79%), yet recognition still lagged.
Nearly all believed others commit “small frauds” (96%), but only 7% admitted they might have.
Commonly missed examples: not updating mileage, hiding tenants or short-term guests, or listing a car under a parent.
An expert urged yearly policy reviews and quick updates, since small omissions can delay claims or affect coverage.
I’m seeing a clear gap between how seriously Canadians view insurance fraud and how well they recognize it in everyday situations. Small, often unintentional omissions can complicate claims, so regular policy reviews matter.

Many Canadians Can't Spot Insurance Fraud

Insurance can lift sale value
Experts said insurance is a strategic asset in succession, shaping valuation and deal certainty during business sales.
Buyers scrutinize coverage, exclusions, claims history, and risk management; gaps can cut price, add holdbacks, or kill deals.
Fix insurance 12–36 mo early
Buyers prioritize coverage adequacy over premiums, focusing on liability, property, cyber, D&O, and other industry-specific risks.
Early insurance expertise can reduce diligence friction, limit escrow and indemnity exposure, and stabilize earnings for stronger negotiations.
I’m seeing insurance treated less like a routine expense and more like a core part of exit planning. Buyers dig into risk, coverage gaps, and claims history, so early cleanup can protect deal value.