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How Insurance Companies Can Address Frauds?

Fraud is among the biggest challenges faced by the insurance industry today. There is an increasing pressure to reduce frauds to help protect both insurers and insured. Here are three things that we need to consider when dealing with insurance frauds:

In the end, it is important for the insurance company to have a centralized anti-fraud module, where all reports and findings are processed. Fraudsters in the insurance company are getting more sophisticated in their methods and there’s a bigger need for more effective system.

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