UAE Ministry of Interior flags fake insurance scam on social media

Fraudsters are posing as licensed insurers online, collecting advance payments and delivering nothing.

Staff Writer
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Article summary

AI Generated

The UAE Ministry of Interior has warned residents about a vehicle insurance scam circulating on social media, where fake accounts pose as licensed brokers and collect advance payments without issuing valid policies. The ministry is urging the public to verify licences and buy cover only through approved channels.

Key points

  • Fraudsters pose as licensed insurers on UAE social media platforms
  • Victims pay upfront and receive no valid insurance policy
  • Ministry urges licence checks before any payment is made

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The UAE Ministry of Interior has warned the public about a vehicle insurance scam spreading across social media platforms, in which fraudsters create fake accounts impersonating licensed insurance companies and brokers.

In an X post, the ministry said the scheme works by advertising policies at unusually low prices to lure victims into paying upfront. Once payment is made, no valid policy is issued.

https://x.com/moiuae/status/2076934647217610977

The ministry urged residents to verify that any insurance provider or broker holds an official licence before transferring money, and to purchase cover only through approved digital platforms or licensed offices operating in the UAE. It also cautioned against engaging with offers that appear too good to be true.