Discussing the value of fraud risk management

Modern Insurance Magazine #69 is out.  And in this month’s edition we’re talking about all things risk.

Picking up on the Christmas just gone we’re talking about Yuletide Lessons and the high impact, low likelihood of Santa himself being jailed on Christmas Eve.

And we talk about three top tips for insurance organisations in managing fraud risk:

Adapting frameworks:  the benefits of implementing a fraud risk assessment framework that can be evolved incrementally to suit the organisation and accelerate delivery

Adopting the right mindset:  simple steps in ensuring any fraud risk assessment adds value, avoids the delusion of controls being infallible and supports pragmatic identification of risk

And, ensuring repeatability:  making certain what is implemented is not a one off effort and flexes as the environment changes

To read the full article, visit:  https://moderninsurancemagazine.co.uk/the-magazine/