Advance Certification In Understanding Insurance Fraud

Aside from tax fraud, insurance fraud is the most practised fraud in the world. The insurance business, by its very nature, is susceptible to fraud. Insurance is a risk distribution system that requires the accumulation of liquid assets in the form of reserve funds that are, in turn, available to pay loss claims. Insurance companies generate a large, steady flow of cash through insurance premiums. Steady cash flow is an important economic resource that is attractive and easily diverted.