National Insurance Academy, Pune|Insurance Technical (Non-Life)
P749 | Fraud Analytics in Motor Insurance (Non-Life)
Academic Year 2026-2027
Duration
2Days
Scheduled Dates
31 Aug 2026 - 01 Sep 2026
02 Nov 2026 - 03 Nov 2026
Background
Globally, insurance frauds are a major challenge for insurers. Left unchecked, it can distort profitability of insurers and increase insurance prices causing significant consumer detriment. Ultimately, this can adversely affect the competitive position of players. Frauds can exist at various points of the insurance value chain. They are also deeply linked to the operational risk profile of insurers.
The estimated value of insurance frauds in India for Life and General Insurance combined is more than ₹ 20,000 crore. Motor insurance frauds account for a major share of claims outgo, thereby impacting the bottom-line of insurance companies. It is, therefore, imperative for insurers to have a robust fraud management system covering the entire insurance value chain.
Learning Objectives
Gain insight into fraud and its implication for motor portfolio
Understand the sources of frauds.
Understand patterns of, and steps for, prevention
Minimize the impact of frauds.
Use of analytics in detecting & managing motor insurance frauds
Key Contents
Fraud and its impact on Motor portfolio
Classification of frauds
Identification of key areas and pattern of fraud
Detection of frauds - Fraud triggers / Red flags
Frauds in underwriting, claims
Fraud Investigation
Technology intervention in fraud management
Fraud analytics - Impact on decision making.
Role of law enforcing agencies in curbing frauds
Creating a framework for managing frauds
Fine-tuning claims strategy
Who Should Attend
Officials handling Motor Insurance; Officials in analytics department in Head Office, Regional Offices, Motor Hubs, Operating Offices of Indian and foreign public & private sector General Insurance Companies.
