Online Insurance Fraud Training Course
Insurance Fraud
Insurance fraud is widespread and extremely costly. Fraudulent insurance claims cost U.S. companies between $80 and $120 billion each year. In fact, insurance fraud is so prevalent that if fraudsters combined to form a company, that company's revenues would rank in the top 20 of Fortune 100 companies. All insurance companies and related service providers are potential targets of fraud.
Employees who handle claims are a company's first line of defense against fraud. Accordingly, every employee involved in any phase of the claims process needs to be trained to deter, detect and defeat fraud. Because insurance fraud takes so many forms, employees must be alert not only for the usual "red flags" of fraudulent activity, but also for indications of new or unfamiliar forms of fraud.
Online Insurance Fraud Training Course Summary
This 30-minute course explains the various forms of insurance fraud in simple, understandable terms. It discusses "red flags" of fraudulent activity and what employees need to do when they encounter potential fraud. The course includes pop quizzes, news clippings and a final quiz highlighting real-world insurance-fraud issues that employees should know how to respond to in a way that will protect themselves and their companies. The topics covered in this training course include —
- Overview: Fraud detection and response
- What is insurance fraud?
- Red flags in the application process
- General red flags
- Personal red flags
- Red flags in medical claims
- Tips
- Special Investigative Unit (SIU)
