Anti-fraud and business: how can they be combined?

At a time when fraud is spreading at breakneck speed, some people still think that fighting fraud is a waste of time, or even money. Yet there are many benefits to an anti-fraud plan within an insurance organisation. In this article, we look at why fighting fraud does not conflict with the idea of doing business in the insurance world. Want to find out more? We're off! 

The fight against fraud as a means of strengthening the reputation of insurers 

By developing and implementing an anti-fraud policy, insurers are demonstrating their commitment to the fight against fraud. consumer financial security. 

This proactive approach strengthens their positioning as responsible players within the insurance industry. It reflects their desire to protect policyholders' interests against fraudulent practices. The aim? Increasing customer confidence and stakeholders. 

As a result, insurers benefit from a enhanced reputation and a positive image. In this way, they differentiate themselves from their competitors and position themselves as trusted partners in the choice of insurance services. 

This solid reputation can also attract new customers who are sensitive to integrity and transparency insurance companies they choose to do business with. This in turn can lead to sustainable growth and long-term success. 

Click here to find out more about documentary fraud !

Combating fraud to improve financial viability 

Reducing fraud-related losses enables insurers to limit their financial losses. Logically, the more fraud insurers detect, the less money they lose! 

So, by minimising losses attributable to fraud, insurers can maintain their profitability and guarantee financial stability. As a result, they are able to continue providing quality services to their customers. 

This consistency in the quality of our services ensures the continuity of the insurer's business over the long term. By supporting growth in the sector in this way, insurers are contributing to the positive trend in the market as a whole.

Anti-fraud policy: a measure to prevent additional costs 

As you know, fraud leads to substantial financial losses. According to l'Argus de l'assuranceThe amount defrauded in non-life insurance is estimated at 2 billion euros. 

Combating fraud means avoiding significant additional expenditure, in particular : 

• From legal expenses necessary to deal with unfounded claims arising from these fraudulent activities. 
• L'increase in insurance premiums to offset the losses incurred by insurers.

To find out more about protecting a company's income from fraud, it's just below 👇

Document fraud: 3 ways to protect your company's capital 

By acting proactively to detect and prevent fraud, insurers avoid these additional expenses. As a result, they improve their overall profitability and increase their operational efficiency! 

Fraud prevention: protecting customers' interests

Detecting and preventing fraud enables insurers to ensure that their customers receive the full benefits to which they are entitled. Insurers guarantee that customers receive fair and legitimate compensation in the event of a claim or need. 

This protection strengthens customer confidence and encourages them to maintain a lasting commercial relationship with their insurer. It's essential for building solid, long-term relationships! 

The fight against fraud and business: what tools are needed? 

The fight against fraud is not incompatible with the idea of doing business. In fact, it's a considerable asset! 

Today, it is essential for companies to draw up an action plan to anticipate, identify and act on this problem.

In fact, we've written an article to help you sell an anti-fraud project internally, so don't hesitate to check it out if you need to 👇

How do you sell an anti-fraud project internally? 

To help you combat fraud, certain solutions detect the risk of forgery. 

At Finovox, we can integrate our software directly into your information system. It is also available as a SaaS solution, so you can access it regardless of the size of your company or your system.

Interested? Contact our experts to find out more!