Dennis Toomey explains why the industry must turn not only to sophisticated tools and technologies, but also unite around a strategy based on collaboration – in order to tackle insurance fraud. Insurance fraud is a multifaceted challenge covering everything from false claims by legitimate customers to sophisticated telemedicine schemes. The pandemic has become a breeding ground for such threats to insurers, while organisational siloes inhibit an effective response, he says. The big picture is this: insurers need to break down siloes wherever they see them.”]
Source: https://www.inforisktoday.com/blogs/insurance-fraud-evolving-so-must-our-response-p-2972