This report investigates fraud in the life insurance sector, analyzing its types, detection methods, and financial impact. With rising fraudulent claims (estimated 10-15% of total claims), insurers face significant losses. The study combines primary research (interviews with investigators, data from insurance firms) and secondary research (IRDAI reports, global fraud analytics studies). Key findings reveal common fraud patterns, technological solutions, and regulatory measures to mitigate risks. Strategic recommendations are provided to enhance fraud detection and prevention.
Study the impact of digital transformation on insurance.
Analyse challenges faced by traditional insurers.
Recommend strategies for successful digital adoption.
