Ahmed Oudah’s Post

In an interview with SABC News TV -404, IASHO discussed the growing issue of insurance fraud and its impact on the industry. The conversation highlighted common types of fraud, including false claims and inflating damages, and emphasized the need for stricter measures to prevent fraudulent activities. IASHO also touched on the importance of educating consumers about the consequences of insurance fraud, which ultimately leads to higher premiums for all policyholders. The discussion underscored IASHO's commitment to transparency, ethical practices, and supporting clients through reliable and trustworthy insurance solutions. https://lnkd.in/dZpfRPdG

The FBI has estimated the total cost of insurance fraud to be more than $40 billion annually. Don't become part of that statistic—it may cost you more than your reputation. Learn more about the consequences of insurance fraud and find out how you can be charged. https://lnkd.in/gUa7a4TZ #CriminalDefenseAttorney #CriminalDefense #Attorney #Wichita #WeFightForYou

Fraud Detection Tip: One simple way to spot potential insurance fraud is by looking for inconsistencies in claim details. Stay alert for discrepancies between statements and evidence. #FraudDetection #InsuranceFraud #QuickTips

Insurance fraud costs $308 billion annually, impacting insurers and policyholders. Deceptio.ai detects fraud at First Notice of Loss (FNOL), saving millions with instant alerts to claims teams. https://lnkd.in/eQVYc3nP

AML Word of the Day: Insurance Fraud Insurance fraud involves deceptive acts committed to obtain an illegitimate financial benefit from an insurance policy. It can include false claims, exaggeration of damages, or deliberate damage to insured property. Learn more about identifying and preventing insurance fraud. #AMLInsights #KnowYourAML #FightFinancialCrime https://lnkd.in/gApMACzm

Another win for BGSA - Rate Evasion is Insurance Fraud! The key is a proper investigation, a well done EUO and a well developed strategy to efficiently handle them on behalf of the carrier.

New survey examines fraud detection and prevention in the insurance industry globally.

Fraud in the insurance industry is like a fart that smells but cannot be seen, the industry needs to improve quickly if you don't want to bleed continuously, this fraud series is conveyed as part of the warning to the industry and those of you who work in it.

Insurance fraud is not something that just happens in the movies, the insurance industry has witnessed some of the most creative, bizarre, and tragic cases of insurance fraud, which have left the industry reeling. Unfortunately, this has a domino effect because insurance companies are then forced to hike their premiums to financially recover from these losses. That ultimately hurts the insured who cannot afford to pay escalated premiums. Prevent the risk of Insurance fraud with us: https://lnkd.in/gFXJ5g9p #InsuranceFraud #FraudPrevention #InsuranceClaims #FraudAwareness #InsuranceIndustry

Insurance fraud can have a significant detrimental impact on all consumers—including a disproportionate impact on certain marginalized groups. The latest issue brief from the Academy, “Insurance Fraud: Impacts on Premiums, Claim Costs, and the Public,” looks at the types and extent of fraud that are committed, and includes actions and approaches that actuaries can take. Read it here: https://bit.ly/47yD960