There is zero evidence that the introduction of SIU’s into the insurance industry has resulted in any significant reduction in fraud. In fact fraud has grown significantly during that period.
SIU’s cover the failure of our industry to fight fraud, & is largely
a public relations enterprise. SIU’s main achievement is that we now have a bureaucracy that siphons needed manpower & money from the traditional claim function.
There is zero evidence that the introduction of SIU’s into the insurance industry has resulted in any significant reduction in fraud. In fact fraud has grown significantly during that period.
SIU’s cover the failure of our industry to fight fraud, & is largely
a public relations enterprise. SIU’s main achievement is that we now have a bureaucracy that siphons needed manpower & money from the traditional claim function.