How Insurers Can Prevent White-Collar Crime

Outsmarting white-collar crime is a major goal for commercial lines’ carriers who want their customers to reduce risk, but with the right guidance and training, it may not be as difficult as it seems. The typical organization loses five percent of its annual revenue to fraud. Mostly unrecoverable, these losses often carry red flags. With some of these red flags relatively simple to identify, taking a preemptive approach to policies and procedures that can identify them has become an imperative.