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2018 | OriginalPaper | Chapter

Fraud and Corruption in the Insurance Industry: An Austrian Perspective

Authors : Maximilian Edelbacher, Michael Theil

Published in: Fraud and Corruption

Publisher: Springer International Publishing

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Abstract

Insurance fraud, while not a new problem, has recently taken on gigantic steps to becoming a leading crime problem through the world. In this chapter, the basic underlying principles of insurance are presented as well as some of the underlying reasons for the prevalence of insurance fraud in today’s society.

Insurance fraud differs from most other crimes in that the perpetrators of fraud often do not consider their acts as being criminal. The psychological motivations for taking on this attitude are presented in the chapter.

The dimensions of the insurance business in Austria, the types of insurance fraud committed by the offenders and the dimensions of insurance fraud in Austria are considered in the chapter. In addition the response of private and public investigators to violators, including the methods used to detect fraud in the insurance industry and the strategies used in the investigation and prosecution of fraudsters, is covered in the chapter. In addition, the importance of the co-operative efforts of the private investigators and the public justice agencies is considered.

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Title: Fraud and Corruption in the Insurance Industry: An Austrian Perspective
Authors: Maximilian Edelbacher
Michael Theil
Publisher: Springer International Publishing
Book: Fraud and Corruption
Print ISBN: 978-3-319-92332-1

Electronic ISBN: 978-3-319-92333-8

Copyright Year: 2018
DOI: https://doi.org/10.1007/978-3-319-92333-8_9