NATIONAL INSURANCE ACADEMY
PUNE
P705 – PROGRAM ON INSURANCE FRAUD DETECTION
FOR OFFICIALS OF AUDIT DEPT. (LIC)
(2022-23)
Background:
Of
late, the financial sector has been witnessing an increasing number of frauds
leading to losses to companies to the tune of thousands of crores of rupees.
The frauds perpetrated have also undergone changes in tune with changes
in character of the society, attitude of the people, improvement in technology,
etc. Cyber Crime has gained much ascendance in the last few years.
Insurance Sector is no exemption to the frauds that have taken place in
the financial sector.
These
frauds have raised doubts on Corporate Governance, Business Ethics, Auditor’s
role, Regulator’s role etc. The role of the Auditors, Inspection &
Vigilance officials acquires serious dimensions in mitigating the Insurance
Frauds.
Objectives:
Ø
To increase the awareness of Audit officials about
Growing Insurance Frauds
Ø
To sensitize them about the Corporate & Regulatory
measures prescribed in Fraud Mitigation.
Ø
Learning to assess fraud risk.
Ø
To learn about The Anti-fraud policy for regular and
e-commerce.
Ø
To learn about IRDAI Corporate Governance guidelines.
Contents:
Ø
Auditor’s role in current scenario
Ø
Potential areas of fraud in Life Insurance
Ø
Ways to detect the same.
Ø
Fraud prevention mechanism
Ø
Forensic Audit,
Ø
Cyber Frauds and tools to detect it including Data
Vigilance.
Ø
Introduction to Cyber laws and Cybercrime
Ø
Anti-Fraud Policy of LIC
Ø
Whistle blower policy & Integrity Pact
Ø
ERM
Ø
IRDAI Corporate Governance guidelines
Ø
Business
Ethics
Ø
Case
studies and group discussion
Participants
Profile-
•
AOs and ADMs of Audit, Inspection and Vigilance Departments in ZO/CO
•
A & I Nodal Officers in Divisions.
•
AOs/ ADMs in CRM Dept in Divisions and Zones
Duration- 3
days
Dates:
13.03.2023 - 15.03.2023