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Simplifying Fraud Analytics: 10 Steps to Detect and Prevent Insurance Fraud

White Paper Published By: SAS
SAS
Published:  Aug 03, 2016
Type:  White Paper
Length:  10 pages

Insurance fraud has existed wherever insurance policies are written, taking different forms to suit the economic times. Today the magnitude of insurance fraud is not only startling but increasing. Recent studies by the US National Insurance Crime Bureau (NICB) reported a 24 percent rise in questionable claims for the period 2011 to 2013. The full scale of insurance fraud is not known. And if fraudulent behavior is not discovered at the time the claim is submitted, the insurer may never know it occurred. Consequently, an uninvestigated claim canít be labeled as fraudulent to investigate.



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technology, best practices, security, analytics, insurance fraud