INSURANCE FRAUDS

Frauds are becoming a real problem for insurers in India, so much so that some insurance companies have blacklisted certain pin codes and turned down requests for insurance from these areas. The costs of such frauds are real, even for genuine buyers. Fraud is bad for the entire system. It causes people to lose trust, encourages crime, and makes products more expensive for genuine customers. Regulators need to set aside their turf issues and invest in a joint big data venture that will work to identify and catch these frauds. This book provides an analytical study of the modus operendi of frauds, fraudsters and the rules governing the fraud scams.