Design And Implementation Of Fraud Detection System In Computerized Insurance Firm

CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Fraud is committed in various fields such as insurance (Ormerod et al. 2010; Li et al. 2008; Atwood et al. 2006), credit card (Weston et al. 2008; Dal Pozzolo et al. 2014), telecommunications (Estevez, 2006), and financial communications (Kirkos et al. 2007; Kotsiantis et al. 2006; Holton, 2009). Insurance fraud is one of the most frequent types of fraud to undertake. This type of fraud can take place in many forms with the simple objective of gaining money (Almedia, 2009). One of these domains is car insurance in which fraudsters (policyhol…