Integrating data science and analytics resources into traditional compliance functions gives risk professionals a tremendous opportunity to drive better business transparency, which in turn drives better business performance. (Photo: Rymden/stock.adobe.com)
People have been trying to defraud insurance companies almost as long as the concept of insurance was invented. Ensuring proper controls and anti-fraud monitoring inside the walls of today's insurance company is nothing new. However, what is new is how technology is emerging to play a key role in the prevention and detection of potentially improper payments or rogue employee behavior.
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