Thursday, August 13, 2015
Corporate Investigations Can Aid Insurers in the Fight Against Fraud
In order to prevent insurance fraud, it is advised to identify it and stop the crime in its tracks. Companies can deter fraud before it happens by making sure that information given on applications is authentic, dedicating a core team or a corporate investigations professional to identify fraudulent claims, and partnering with special anti-fraud groups such as the NICB or the Coalition Against Insurance Fraud, as well as law enforcement agencies. Still, how can insurance companies detect a fraudster? One method involves hiring a company like Phenix Investigations to render corporate investigative services. One specialty of such companies is surveillance, which can work perfectly with health or disability insurance claims where the client claims to be suffering from injuries that prevent them from working.