An insurance association along with its members/insurers in South Eastern Europe has invited us to talk about how to prevent insurance fraud.
What we did was to discuss about the status of insurance fraud globally and then break it down into more practical aspects. We talked about the latest trends on insurance fraud, and how fraudsters may utilize ignorance to milk insurers.
At the same time from a strategic perspective we elaborated on red flag cases; cases that an insurer has to avoid and how with the use of technological means, we can easily minimize underwriting and claims exposure to fraud.
This specialized event gathered 120 people from underwriting, claims, compliance and legal departments.