Insurance Fraud Investigations UAE is an independent service that checks the validity of insurance claims. The investigation services can be by the insurance company or by external assistance. The experts have the expertise and background to investigate the allegations raised by policyholders. They are well-trained to detect all the flaws and inconsistencies in the claim submitted by the policyholder.
Checking Financials
Fraud investigators work under the umbrella of the Fraud and Insurance Service Provider Regulatory Body (FISPRB). The experts carry out their duties by checking the credibility of the insurer. They check the financial statements of the firm if any has been filed for insolvency. The experts also check the financial status of the financial institution and the claims history. They thoroughly examine the financial institution’s financial records and the claims history to ensure that the firm is genuine and credible.
Fraud Indications
They also look for signs of fraudulent activities such as the increase in claims against the insurer and the increasing number of requests from different customers. If any of these indicators are present in the report, the investigation goes further.
An Independent Service
Insurance fraud investigations UAE is an independent service. The professionals are free to investigate and report any violation by the firms in insurance. Fraud investigations UAE takes its own decisions as per the law. So there are no formalities involved in writing about any case to the government.
The professionals can also file a complaint against a fraudulent company. The complaint process is straightforward, and the case will be assigned to the experts. Fraud investigators can also investigate if the policyholder has the right to take out a claim for any fault committed by the company. If there is a breach of any contract and if the firm cannot prove its innocence, then the case will be decided as a no win no fee. Claim.
Following Investigation Call Procedure
A lot of complaints are filed against a fraudulent company. These complaints can be lodged through formal channels like insurance forums and various other official agencies. But the first step of the complaint is to approach a professional agency with the knowledge and expertise to investigate the case properly. Once the case is settled, the complainants have to provide the details of the dispute process’s entire process. If the issue is found valid, then the firm has to pay the sum of money as the penalty.
Many claims were settled due to the intervention of the professionals of Insurance Fraud Investigators UAE. The professionals get the report of the investigation in a very short period. They can submit an account in less than 30 days, and the company can use the information as proof that the case was resolved through proper investigation.
