Know how fraud investigations can protect the firms from higher revenue loss

Working as the claim settlement manager for an insurance firm, I have been dealing with a variety of claim cases coming for a compensation of various types of losses, thefts and damages occurs to the insured properties. At time, I am handling motor accidents, workers compensations, TPA, medi-claims and high profile death claims. 

During this tenure, I could feel that more that 60 % of cases are fake composition, where people are fixing false or bogus documents to make a claim. Such documents don’t justify the validity of the matter and put us under doubt about the genuineness of claims. In such cases, we have to get them verified by using our own field staffs. But, our verification officers are having certain limits to verify a document. They are not able to properly handle the matter. 

That why, majority of sensitive cases remains beyond their ability to get them checked? Therefore, I have to deal with all the serious cases by using the suitable process of Insurance frauds claim investigation to reach to the fact. These are genuinely some of the most sensitive cases, where a verifier has to be on toes to visit concerned sites to find the fact and verify all evidences. It is also needed to get the recorded statement of the involved persons. 

One fine day, I happen to get a similar case. It was the case of personal injury claim. Here, an insured person met with an accident, while driving his car. His claim papers came to us compensation, where it was stated that he had a fracture in his right leg. The person is still taking the treatment in a hospital. The supporting documents like diagnosis, tests and prescription were so bulky remarks, as if the person is taking heavy treatment for a complex disease. 

It created several doubt and I decided to find the truth, so I sent our field officers to that hospital to see the patient and confirm the matter. When our officers reached there and asked the staff to see the patient for knowing his condition, they were halted at the doorstep by the staff by saying that they won’t allow anybody other than attendant, to see the patient as frequent visitor may disturb him. Moreover, the patient is not yet well to give much reply. 

When our officers urged them to take his photo, then they permitted our officers to get a snap by maintaining a distance. Our officers returned without getting much information, so, it was not a worthy visit. Now I thought of using Insurance frauds claim investigation services to reach to the fact. Because I heard that such sources can turn all impossible things into a possibility. It really worked, as they worked upon the matter and formed best strategy to reach to the fact. 

They knew that they can’t reach to the patient by using the simple and straight actions. They used effective tricks to him. Through this way, they could find the total facts about the matter, as it was a minor injury, and there was nothing much serious. It was basically an urge to get the compensation for the injury and hospital staff was also having a share in that, so only, the staff was showing different behavior to outsiders. Lastly, the full fact came before us and his claim was turned down. Moreover his policy was terminated permanently without paying his premium back. 

With this case, you can know, how people are creating frauds in a claim, if we don’t verify them then we may run under big loss. Therefore, it is always needed by us to verify all claims come to us. I will also advise other insurance firms to make a habit of using such investigations to monitor all claims to secure your revenues.

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Find the most reliable solution of insurance related frauds in India

If you located anywhere in Indian and looking for an effective source to handle your insurance related matters where you want to get solution of insurance fraud which is bothering you and restricting you to get the right claim of your insurance work then this is to tell you that today there are many sources available to offer perfect support to resolve your matter. But many of us might be wondering to know why there are many frauds occur in the insurance processes and why it is so easy to make a fraud or deceit in the insurance which is way there is higher rise in the insurance related frauds. 

In this regard, we would like to say that it is not easy to make the frauds in the insurance sector, but due to ineffective system and improper functionality in this sector, there are more chances of getting a fraud. This is to tell you that in present days, insurance investigation as one of the highly demanding and most effective processes often used by people for getting the secured and prosperous life. The corporate Indian investigators hire for business safety huge benefits of these processes can easily be obtained by using different type of insurance policies and plans widely offered by companies in India. 

Today, insurance companies are providing the various kinds of claim processes for personal injuries, medical claims, asset and property thefts, tour and travel loss compensation, employee damages and compensation and much more of personal reasons which are usually provided to compensate for the losses. Due to this reason the claim investigation activities are importance of related have gone higher in the societies and at the same time the chances of getting a fraud through similar activities have gone up. In the present circumstance, Indian insurance companies can’t avoid possibility of getting a fraudulent or staged claim where they are likely to get huge financial losses. 

Today the financial loss statistics on fraudulent claims indicates that how badly companies are losing the grounds due to financial crunch and losses. Such losses are really cracking the backbone of reputed organizations in India. No amount of careful and cautious work is giving equal returns as things are going abruptly and uncontrollably in this sector. This is the reason that today insurance claim fraud investigations in India have become the better preferences for people or companies working in different parts of country. 

Today such fraudulent activities are effectively handled by the claim investigators who placed in almost every state to look after this kind of matters. They have become the most reliable source to evolve the effective solution of claim related frauds. There are many sources available in India which is capable of providing the effective answer of fraudulent claims achieved by producing the trustworthy and reliable claim investigation services for finding the quality answer of all type of fraud. 

Claim investigators in Indian are making researches to develop new ways and impressive techniques to give solid investigations to resolve insurance fraud related matters. As an effect, claim investigations in India has become the most popular and highly recommended processes to find the quick and trustworthy answer of insurance frauds which are taking the toil to corrupt the entire insurance activities taken up by related companies in India.

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Learn to know the excellence of a surveillance service through good results

Being a businessman, I never ignored the good use of Surveillance works, which are used both for the private or business purposes. As I have practically observed the vital uses of these processes by hiring those sources that provide such services. My purpose of using this service was to find the cause due to which, office items were missing. No doubt, I have got valuable things and attractive piece of portraits to enchant visitors or guests. These things would definitely attract others and someone may have the reason to steal them. 

But I don’t find it as the good cause, since these things have no place to grow. As, the whole premise is encompassed through CCTV cams and there are security guards and other devices installed in the premise. There is no way that a thing can go unnoticed. On the contrary, things were missing from the place. 

I have a habit of regularly checking footage and conducting surprise visits. But I was not getting any abnormality. It has increased my anxiety, if I couldn’t uncover such incidents, then it may take a serious turn and things may go out of hand. So, it was necessary to know about such acts to find that what all things have gone missing. Since, I could get an account of those which came to the notices of the people. Is there anything, which remains unnoticed and goes missing? 

It has come as a big issue to me and I want to sort it out soon. So I decided to use corporate surveillance investigation services offered by the investigative firms. I had already known about the good effects of these processes. I knew a reliable firm, which is famous for giving quality services. So without wasting an hour, I fixed a meeting with them and discussed the matter. I asked their opinion and possibility. 

They visited whole premise and checked all security arrangements. As per them, there are many lapses which they want to cover, before taking any action to get the result. They pointed at the shipment area of the firm, where there were very less arrangements and they advised to enhance the security of this area. 

As suggested, I did exactly the same. They ensured that the area was fully under light and no one can trespass here. The team was fully satisfied by observing the area. They were sure that it will give best results. True to their work, things started improving and from that point of time, I didn’t get any complain regarding missing of goods. 

I was really surprise to note that the single visit made by the investigative team, could make a mark. There is a remarkable improvement in the condition with no incidence of missing goods. I am feeling proud of taking such a wise decision without wasting time, otherwise it could have put bad impact on my business. I have really saved my company from going in big losses. 

At this juncture, I have something to advise to my fellow men that if you are coming in such conditions, then never make a delay in using these services.

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