The insurance industry is modernising fast in numerous ways. Positive developments of modernisation can also be found in the fight against fraud. However, insurers face several challenges in effectively responding to fraud. To stay ahead in dynamic times and to be sustainable in the future, it is time for insurance companies to convert words into action.
This ebook focuses on four top challenges when it comes to fighting fraud and how they can be overcome.
• Data – a challenge or an opportunity.
• Automated fraud detection – the way forward.
• Prevent rather than cure.
• The importance of a fraud fighting culture.