Major International Insurance Fraud
The problem of insurance claim fraud is growing in frequency, geographic scope and sophistication, as insurance carriers expand their coverage to include many remote regions of the world. There are several reasons:
- Ease of international travel has made it worth while for fraud perpetrators from foreign countries to travel to the United States, establish a "presence" for a short time, take out life policies, and then return home. Then they mysteriously "die."
- The breakdown of state-run political systems allowed organized crime groups to proliferate and they became extremely sophisticated in their criminality, which includes insurance fraud.
- The explosive growth of information available worldwide on the Internet has enabled many more people to learn how to commit such crimes. Desktop publishing software has made it increasingly easy to forge authentic looking "official" documents, like death certificates.
Therefore, insurance and reinsurance companies face considerable difficulties in carrying out effective investigations in many countries. Often an insurance company’s ability to obtain official documents like police or autopsy reports and hospital records can be very limited indeed. U.S. insurers also face trouble getting necessary - not to mention accurate - documents from foreign jurisdictions to help evaluate a claim.
- Among the obstacles are outmoded government information systems; inefficient and incompetent bureaucrats; underpaid or corrupt police officers; and insecure governments wary of releasing official information to private companies.
Teaming with a leading international team of investigators like GlobalSource LLC, which has the right access overseas, is the best way for insurance and reinsurance companies to realize millions of dollars in savings to their bottom line and deter criminals from victimizing them again.
Nations from which high numbers of bogus death claims originate
Algeria - Argentina - Cameroon - Chad - China - Colombia - Ghana - Guyana - Haiti - India - Liberia - Mexico - Nigeria - Pakistan - Philippines - Russia - Sierra Leone - Somalia - Vietnam
GlobalSource LLC has
carried out insurance fraud investigations in all of these, and
many other countries, including Ivory Coast, Jordan, Saudi Arabia
and Egypt..
Insurers realize direct
bottom line savings by hiring GlobalSource to uncover the
facts surrounding questionable claims, when those facts lie in one
of innumerable locations around the world where we have investigated
insurance fraud.
[Insurance Investigation Publications]