The Unseen Enemy: Insurance Fraud Costs Billions Every Year: Part II

The Unseen Enemy: Insurance Fraud Costs Billions Every Year: Part II

The insurance fraud epidemic is of serious concern to businesses, insurance providers and consumers worldwide. In Part One of this three-part series, we examined the scope of the problem, and discussed a few cases that illustrate the magnitude of insurance fraud. The question is: How can companies detect insurance fraud cases before they do irreversible damage? Working with the right experts, any company can be better protected and detect more insurance fraud.

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The Unseen Enemy: Insurance Fraud Costs Billions Every Year: Part I

The Unseen Enemy: Insurance Fraud Costs Billions Every Year: Part I

Insurance fraud costs an estimated $40 to $80 billion per year in the U.S. alone. It’s been called an epidemic, and is a scourge of insurance providers, private companies and consumers alike. But what is it, how do companies detect it, and how does an insurance fraud investigator unravel it? In this part one of a three-part series, we will address the first question: What is insurance fraud?

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