Whalesbook
India's health insurance sector is losing an estimated ₹8,000 to ₹10,000 crore annually due to fraud, waste, and abuse (FWA). A new report by Boston Consulting Group and Medi Assist warns this systemic issue threatens insurer profitability, could lead to higher premiums for policyholders, and erodes public trust. Addressing FWA could significantly boost sector profitability and return on equity.