An Empirical Analysis on Drivers that Contribute to Fraudulent Activity with Regard to Life Insurance Fraud
Dhara Shah, Anjani Kumar Asthana · SSRN Electronic Journal · 2016
Life insurance fraud is posing a big challenge for the entire industry because the number of life insurance frauds are increasing. These increasing frauds are driving up the costs and premium for the companies. In order to curtail fraudulent activities in life insurance fraud it is very much important to identify the drivers that contribute to this activity. Both qualitative and quantitative research was used to identify various drivers, reasons which compel people to commit life insurance fraud and finally understand the significant effect of external drivers i.e poor control and economic recession on internal drivers that is fraudsters attitude. A detailed survey of 500 customers was done and techniques such as, cross tabulation, frequency distribution and regression model were used.