Understanding and Combating Fraud, Waste and Abuse in Life, Health, and Disability Insurance Claims

​Insurance fraud, waste and abuse (FWA) pose significant challenges to the integrity and financial stability of the insurance industry. These activities inflate costs, undermine trust, and divert resources away from legitimate claimants, ultimately impacting consumers, insurers and the economy. Combatting FWA requires a comprehensive understanding of its forms, particularly within vital areas such as life, health and disability insurance. This article explores these issues, providing detailed definitions, illustrative examples and real-world case studies to elucidate the nature of FWA and strategies to mitigate it.

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