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Insurance ranks second in fraud-hit industries
20 November 2009
The insurance industry is the second most likely industry to experience fraud according to PWC’s 2009 Global Economic Crime Survey. Communications and financial services were in first and third place, respectively.
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The insurance industry is the second most likely industry to experience fraud according to PricewaterhouseCoopers (PWC)’s 2009 Global Economic Crime Survey. Communications and financial services were in first and third place, respectively.
Forty-six percent of communications companies reported fraud, 45% in the insurance industry, 44% in the financial services and 42% in hospitality and leisure. According to the report, these top four industries are most likely to be affected because of their products of services. And because they tend to have more robust and proactive anti-fraud measures. In effect, they both experience and detect more fraud than other industries.
Because of the...
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