An article in one of the daily newspapers in Kenya contained this statement, “In spite of the moral standards many Kenyans put to the fore, most of them would get involved in a fraudulent activity if an opportunity presented itself.” The Insurance Regulations, 2015 defines Insurance Fraud to mean a deceptive act or omission intended to gain advantage for a party committing the fraud (the fraudster) or for other parties and may include an exaggeration of an otherwise legitimate claim, premeditated fabrication of a claim or fraudulent misrepresentation of material information with a possibility of a potential loss. The effects of insurance fraud are far reaching and insurers then must understand how to detect, where it thrives and prevention mechanisms. This course is intended to give insurers insights into insurance fraud and what can be done to manage by coming up with strategies aimed at minimizing/alleviating the same.
All candidates must follow the application steps where they provide their details and select units. An invoice will be sent to the email address of the applicant with payment instructions.