How to avoid insurance fraud It’s well known fact that most of the insurance companies across the globe are undergoing multiple challenges to operate economically and efficiently. Here, some of the key areas are highlighted where still many insurance companies that do not likely to struggle, perhaps even to survive in the market those includes, comply with the new and existing regulations, to meet competitive pressures, customer demands, taxation, distribution channels, managing policy administration system that support the current practice and capable for futuristic demands, sketching the strategy from existing business model to world’s highly demanding digitization, solvency and so on. In midst of these critical and frightening environment, couple of risks associated with all insurance companies over the many years, even with the inception of concept called “Insurance” where many insurers are still struggling to address those pain points – “Moral Hazard” and “Adver...