INSURANCE FRAUD RISK MANAGEMENT

Insurance fraud undoubtedly represents a significant challenge for insurance companies, bearing in mind that it leads to financial losses, market destabilization and loss of client confidence. Effective fraud risk management is critical to protecting insurance companies and the viability of the insurance industry. This paper explores the mechanisms used by insurance companies to identify, assess and mitigate fraud risks. This paper aims to provide insight into a comprehensive approach to insurance fraud risk management and identify critical points for dealing with threats in this sector. All this should serve to find proactive strategies.

Keywords: risk, fraud, management, insurance companies