What The Coronavirus Can Teach Us About Fighting Insurance Fraud

As the world continues to deal with the fallout from the coronavirus, it occurred to me there may be some analogies that fraud-fighters may draw from this worldwide pandemic to help us better understand our own battle against insurance fraud.

No one had heard of what is now the world’s most-famous virus only a few months ago. When we did, the virus appeared isolated and far away.
Worldwide travel and commerce, though, quickly turned a local outbreak into a worldwide crisis.

A few decades back insurance fraud was primarily local. Then it began to spread to regions and nationally. Today, insurance fraud is a global concern. International fraud is spread not via personal contact, but mostly technological “contact.”

The internet and new technology now permit fraud to be committed from anywhere, and spread globally very quickly. Programs such as BAE’s Global Insurance Fraud Summit and the IBM/ALFA Paris Symposium are drawing together anti-fraud leaders from around the globe to work more closely together.

Experts tell us that using a mask is not the best way to protect yourself from the coronavirus. Masks actually help keeping bad germs inside us, we are told.