NATIONAL
INSURANCE ACADEMY
PUNE
P832
– PROGRAMME ON INSURANCE FRAUD DETECTION
FOR ZO
FMC MEMBERS. (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 serious concerns on Corporate
Governance, Business Ethics, Auditor’s role, Regulator’s role etc.
Anti-Fraud Policy of LIC has defined the roles and functions of various
authorities in the organisation.
To provide a 360-degree view of the Insurance Fraud
Scenario globally and locally as well as the strategies needed to mitigate the
fraud risks regular interaction and up dation on the issues related to it is
needed.
Objectives:
§
To increase the awareness of ZO FMC 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:
§
Global scenario in Life Insurance Frauds
§
FMC 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
§
Anti- Fraud policies of other Life Insurance Companies
in India
§
Case studies and group discussion
Participants
Profile:
Fraud
Monitoring Committee Members of the Zonal Offices. Nominations to be done by
Zonal HRD.
Duration: 3
days
Dates:
18.11.2024 - 20.11.2024