PUNE
P749
- FRAUD ANALYTICS IN MOTOR INSURANCE (NON-LIFE)
Background:
Globally, insurance frauds
are a major challenge for insurers. Left unchecked, it can distort
profitability of insurers and increase insurance prices causing significant
consumer detriment. Ultimately, this can adversely affect the competitive
position of players. Frauds can exist at various points of the insurance value
chain. They are also deeply linked to the operational risk profile of insurers.
The estimated value of
insurance frauds in India for Life and General Insurance combined is more than ₹ 20,000 crore.
Motor insurance frauds account for a major share of claims outgo, thereby
impacting the bottom-line of insurance companies. It is, therefore,
imperative for insurers to have a robust fraud management system covering the
entire insurance value chain.
Objectives:
This programme aims to facilitate the participants to:
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Gain insight into fraud and its
implication for motor portfolio
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Understand the sources of frauds.
§
Understand patterns of, and steps for,
prevention
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Minimize the impact of frauds.
§
Use of analytics in detecting &
managing motor insurance frauds
Contents:
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Fraud and its impact on Motor
portfolio
§
Classification of frauds
§
Identification of key areas and
pattern of fraud
§
Detection of frauds - Fraud triggers /
Red flags
§
Frauds in underwriting, claims
§
Fraud Investigation
§
Technology intervention in fraud
management
§
Fraud analytics - Impact on decision
making.
§
Role of law enforcing agencies in
curbing frauds
§
Creating a framework for managing
frauds
§
Fine-tuning claims strategy
Participants’ Profile:
Officials handling Motor Insurance; Officials in analytics
department in Head Office, Regional Offices, Motor Hubs, Operating Offices
of Indian and foreign public & private sector General
Insurance Companies.
Duration:
2 Days
I.
24.07.2025
- 25.07.2025
II.
05.01.2026
- 06.01.2026