By Kaiden Waldram, Marketing —
The Role of Insurance
Insurance companies, in theory, are in place to make sure that we are protected if something bad were to happen to us. It is a nice safety cushion knowing that if a natural disaster hits or your house is burned down in a fire, that you would be protected and have the means to recover. But what would happen if insurance companies had a “disaster?”
An Insurance Scheme worth Hearing About
A recent article talked about a father-son duo who had been robbing local insurance company’s. This father and son offered free hearing tests to people, and in exchange, the customers would receive free sunglasses. The father and son claimed that a large majority of the people that took the hearing tests needed hearing aids. They then received the funds to purchase these hearing aids from the insurance company. Upon investigation, it was discovered that most of the people that “needed” hearing aids did not, in fact, need them. This was simply a trick to get money from the insurance company.
In the world, there are constantly people trying to deceive others. Even insurance companies can fall victim to fraud. What can be done to stop fraud and deception?
A New Solution
A company called Converus® is striving to eliminate corruption and deception. Converus has developed a new integrity assessment tool called IntegrityDetect® to help with the solution. IntegrityDetect could be used by insurance companies to eliminate cases of people trying to deceive them by ensuring that their employees and partners have honest tendencies. This integrity test is fast, reliable, and cost-effective. It can determine an individual’s ethical behavior with 80 percent accuracy. A simple solution such as this could have a big impact on helping protect insurance companies and others from deception.