Tag - insurance claim

Claim investigation: minimizing fraud-induced losses in the insurance world

The insurance world suffers substantial losses due to fraud annually. In America specifically, losses due to insurance crimes reach approximately 80 billion  US Dollars each year. How about in other countries? According to a source, in 2015, more than 130,000 fraud cases related to insurance were reported in the UK. This number only scratches...

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fraud in life insurance

Application fraud in life insurance

There are many types of fraud in insurance, including false claims, forgeries, bogus policies, and the most prevalent, application fraud, which involves giving the insurance company false information when applying for a policy. How the fraud works Application fraud occurs when fraudsters hide their preexisting medical condition with the hope of getting...

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