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MEASURE FINANCIAL HOLDINGS PROPRIETARY LIMITED t/a MEASURE RISK SOLUTIONS CONFLICT OF INTEREST MANAGEMENT POLICYCompanyMaksure Risk SolutionsVersion 131/06/2022Version 231/07/2023Version 315/02/2024Approval
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Insurance fraud risk refers to the potential for fraudulent activities related to insurance claims, where individuals or entities attempt to deceive the insurance company to receive undeserved benefits.
Insurers, regulatory agencies, and certain individuals or entities involved in the insurance process are required to report and file information related to insurance fraud risks.
To fill out insurance fraud risk documentation, one must gather relevant data concerning suspicious claims, provide accurate details of the incident or activity, and submit it to the appropriate regulatory body or insurer.
The purpose of assessing insurance fraud risk is to identify, prevent, and mitigate fraudulent activities, ensuring the integrity of the insurance system and protecting legitimate policyholders.
Information that must be reported includes details of the alleged fraudulent activity, involved parties, claim information, and any relevant evidence supporting the suspicion of fraud.
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