Insurance Fraud in Korea, Its Seriousness, and Policy Implications

Several characteristics of insurance fraud including its chronic nature justifies the need for identifying feasible proposals which can be expected to bring about significant impacts. Recent statistics show that insurance fraud is now consistently on the increase. However, insurance fraud is highly...

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Autores principales:	Jeyong Jung, Byung-Jik Kim
Formato:	article
Lenguaje:	EN
Publicado:	Frontiers Media S.A. 2021
Materias:	insurance fraud problem diagnosis national leadership dynamic concentrated approach big data technologies Public aspects of medicine RA1-1270
Acceso en línea:	https://doaj.org/article/1f60210eddcd4419900bfc963e5ceed4
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spelling	oai:doaj.org-article:1f60210eddcd4419900bfc963e5ceed42021-11-15T05:28:09ZInsurance Fraud in Korea, Its Seriousness, and Policy Implications2296-256510.3389/fpubh.2021.791820https://doaj.org/article/1f60210eddcd4419900bfc963e5ceed42021-11-01T00:00:00Zhttps://www.frontiersin.org/articles/10.3389/fpubh.2021.791820/fullhttps://doaj.org/toc/2296-2565Several characteristics of insurance fraud including its chronic nature justifies the need for identifying feasible proposals which can be expected to bring about significant impacts. Recent statistics show that insurance fraud is now consistently on the increase. However, insurance fraud is highly fragmented and each offence is not significant enough to elicit active interest among the public or interventions from the police. Three problems have been identified and diagnosed. These were a lack of awareness, an absence of a national leadership and also limited attention directed to insurance fraud by the investigating authorities. Based on these, three recommendations have been suggested. (1) Embarking on and developing a national initiative by central government, (2) Taking a dynamic concentration approach to send deterrent threats to potential fraudsters, and (3) Using big data technologies to detect clandestine activities by organised groups.Jeyong JungByung-Jik KimFrontiers Media S.A.articleinsurance fraudproblem diagnosisnational leadershipdynamic concentrated approachbig data technologiesPublic aspects of medicineRA1-1270ENFrontiers in Public Health, Vol 9 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	insurance fraud problem diagnosis national leadership dynamic concentrated approach big data technologies Public aspects of medicine RA1-1270
spellingShingle	insurance fraud problem diagnosis national leadership dynamic concentrated approach big data technologies Public aspects of medicine RA1-1270 Jeyong Jung Byung-Jik Kim Insurance Fraud in Korea, Its Seriousness, and Policy Implications
description	Several characteristics of insurance fraud including its chronic nature justifies the need for identifying feasible proposals which can be expected to bring about significant impacts. Recent statistics show that insurance fraud is now consistently on the increase. However, insurance fraud is highly fragmented and each offence is not significant enough to elicit active interest among the public or interventions from the police. Three problems have been identified and diagnosed. These were a lack of awareness, an absence of a national leadership and also limited attention directed to insurance fraud by the investigating authorities. Based on these, three recommendations have been suggested. (1) Embarking on and developing a national initiative by central government, (2) Taking a dynamic concentration approach to send deterrent threats to potential fraudsters, and (3) Using big data technologies to detect clandestine activities by organised groups.
format	article
author	Jeyong Jung Byung-Jik Kim
author_facet	Jeyong Jung Byung-Jik Kim
author_sort	Jeyong Jung
title	Insurance Fraud in Korea, Its Seriousness, and Policy Implications
title_short	Insurance Fraud in Korea, Its Seriousness, and Policy Implications
title_full	Insurance Fraud in Korea, Its Seriousness, and Policy Implications
title_fullStr	Insurance Fraud in Korea, Its Seriousness, and Policy Implications
title_full_unstemmed	Insurance Fraud in Korea, Its Seriousness, and Policy Implications
title_sort	insurance fraud in korea, its seriousness, and policy implications
publisher	Frontiers Media S.A.
publishDate	2021
url	https://doaj.org/article/1f60210eddcd4419900bfc963e5ceed4
work_keys_str_mv	AT jeyongjung insurancefraudinkoreaitsseriousnessandpolicyimplications AT byungjikkim insurancefraudinkoreaitsseriousnessandpolicyimplications
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Insurance Fraud in Korea, Its Seriousness, and Policy Implications

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