All over the United States, people file for insurance. People can file for many types of insurance policies and file many claims- whether it be health insurance, car insurance, home insurance, and renter’s insurance. What most people do not understand is who commits insurance fraud. Insurance fraud can be committed by the claimant, the consumer, and the insurance company.
What is insurance fraud though? In most cases, it is industry insiders, and loosely organized networks of bad medical professionals and attorneys who use their knowledge to ignore anti-fraud measures put in place by insurance companies (“A $30-Billion-a-Year Racket”). That’s not all who can and will commit insurance fraud, dishonest policyholders can also do it.
An insurance …show more content…
The earning for an fraud investigator is about $55K per year on average, but that does not include the potential for bonuses and profit sharing- that can make it peak at about $8k to $10k extra ("Fraud Investigator Salary”). Another benefit of becoming a fraud investigator are the opportunities that are presented to you such as the chance to work for the federal government, police departments, insurance agencies, and healthcare organization. Some fraud investigators also go into private …show more content…
Some examples of the responsibilities of a fraud analyst is to observe customer transactions to keep aware of fraudulent activities, interact with banks and customers to validate or cancel authorizations, and to help determine fraud trends by analyzing accounts (“List of Fraud Analyst Responsibilities and Duties”). Do not worry if any of those responsibilities of a fraud analyst does not appeal to you, they have many other responsibilities to over take, more responsibilities that can be
What is insurance fraud though? In most cases, it is industry insiders, and loosely organized networks of bad medical professionals and attorneys who use their knowledge to ignore anti-fraud measures put in place by insurance companies (“A $30-Billion-a-Year Racket”). That’s not all who can and will commit insurance fraud, dishonest policyholders can also do it.
An insurance …show more content…
The earning for an fraud investigator is about $55K per year on average, but that does not include the potential for bonuses and profit sharing- that can make it peak at about $8k to $10k extra ("Fraud Investigator Salary”). Another benefit of becoming a fraud investigator are the opportunities that are presented to you such as the chance to work for the federal government, police departments, insurance agencies, and healthcare organization. Some fraud investigators also go into private …show more content…
Some examples of the responsibilities of a fraud analyst is to observe customer transactions to keep aware of fraudulent activities, interact with banks and customers to validate or cancel authorizations, and to help determine fraud trends by analyzing accounts (“List of Fraud Analyst Responsibilities and Duties”). Do not worry if any of those responsibilities of a fraud analyst does not appeal to you, they have many other responsibilities to over take, more responsibilities that can be