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Insurance fraud comes in many forms and can affect every area of the industry. These articles can help insurance professionals implement mitigation strategies and stop crime in its tracks.

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So how is the advance of technology aiding in fraud detection today? (Photo: Shutterstock) So how is the advance of technology aiding in fraud detection today? (Photo: Shutterstock)

Insurance fraud has been around since, well, the beginning of insurance.

The ancient Greeks created a form of maritime insurance to indemnify against potential losses incurred with the sinking of a commercial ship in transit. It became a common scheme for the boat owner to hide the boat in a foreign port and collect the insurance money. Even in those early times, special investigators were hired to determine if the boat had indeed sunk. Fast-forward to the present, and for the last few decades, the industry has been using increasingly sophisticated technology to address fraud.

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