NATIONAL
INSURANCE ACADEMY
PUNE
P705
– PROGRAMME ON INSURANCE FRAUD DETECTION
FOR
OFFICIALS OF AUDIT, INSPECTION & VIGILANCE DEPT. (LIC)
(2024 - 25)
Background:
Of late, the financial sector has been witnessing an
increasing number of frauds leading to losses to companies to the tune of
thousands of crores of rupees. The
frauds perpetrated have also undergone changes in tune with changes in character
of the society, attitude of the people, improvement in technology, etc. Cyber
Crime has gained much ascendance in the last few years.
Insurance Sector is no exemption to the frauds that have taken place in
the financial sector.
These frauds have raised doubts on Corporate
Governance, Business Ethics, Auditor’s role, Regulator’s role etc. The role
of the Auditors, Inspection & Vigilance officials acquires serious
dimensions in mitigating the Insurance Frauds.
Objectives:
§
To increase the awareness of Audit officials about
Growing Insurance Frauds
§
To sensitize them about the Corporate & Regulatory
measures prescribed in Fraud Mitigation.
§
Learning to assess fraud risk.
§
To learn about The Anti-fraud policy for regular and
e-commerce.
§
To learn about IRDAI Corporate Governance guidelines.
Contents:
§
Auditor’s role in current scenario
§
Potential areas of fraud in Life Insurance
§
Ways to detect the same.
§
Fraud prevention mechanism
§
Forensic Audit,
§
Cyber Frauds and tools to detect it including Data
Vigilance.
§
Introduction to Cyber laws and Cybercrime
§
Anti-Fraud Policy of LIC
§
Whistle blower policy & Integrity Pact
§
ERM
§
IRDAI Corporate Governance guidelines
§
Business Ethics
§
Case studies and group discussion
Participants
Profile:
§
AAOs, AOs and ADMs of
Audit, Inspection and Vigilance Departments in ZO/CO
§
A & I Nodal Officers in
Divisions.
§
AAOs, AOs/ ADMs in CRM Dept
in Divisions and Zones
§
Officers working in
Divisional Offices and Zonal Offices to be nominated by HRD Department of Zonal
Offices. Officers from CO to be nominated by CO-HRD as per recommendations of
concerned CO-HOD.
Duration:
3 days
Dates:
29.01.2025 - 31.01.2025