Insurance fraud - a challenge for risk management in insurance

Author: Galina Stoyanova (Burgas Free University)

Keywords: insurance, insurance fraud, risk management

Faced with the "overflow wave" of COVID-19 problems and the constant demand for roads for the proper and legal conduct of insurance business, insurers often remain slightly sidelined by the issue of insurance fraud - and should not. Committing fraud in insurance brings moral and financial harm to the insurer and to the insurer, changes the sensitivity of trust and customer satisfaction with the insurance service and the inspiration to your insurer, affects the calculation of the insurance premium and risk analysis in the insurance company, as well as the overall financial result of the insurance activity. Risk management of insurance fraud is one of the activities to minimize its manifestation
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