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dc.contributor.authorOng' ang'o, Josephat Auma
dc.date.accessioned2017-03-03T06:35:43Z
dc.date.available2017-03-03T06:35:43Z
dc.date.issued2015
dc.identifier.urihttp://hdl.handle.net/11071/5093
dc.description.abstractThe aim of this study was to determine claim characteristics that are correlated with the occurrence of insurance fraud and to, additionally, developing a fraud scoring model. The model's purpose is to provide a probability score on the possibility of a claim being fraudulent. The scope of this study was the Kenyan insurance sector particularly life insurance business with two types of cover: funeral plans and personal accident cover. The data used is honest/paid out claims and simulated fraudulent claims for a period of seven years (2007 - 2013). The findings of this study are that some characteristics such as the claim amount, and the reporting delay are significant indicators of the presence of fraud in a claim. The fraud scoring model developed serves as a handy tool in the detection of fraudulent cases with nearly 90% accuracy depending on the probability threshold chosen by the insurance company.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.titleA Kenyan insurance fraud scoring system: life insuranceen_US
dc.typeLearning Objecten_US


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