What is insurance fraud?
American Fidelity Assurance uses the definition, "An intentional misrepresentation of facts fabricated with the intent of deceiving or cheating another."
AFA recognizes that insurance fraud exists in the insurance industry. As such, it is the policy and mission of the Company to strive to protect its Customers through the employment of an effective and diligent Anti-Fraud program. AFA's Special Investigation Unit (SIU) takes a proactive approach in our detection and investigation of fraud and abuse.
It is the mission of American Fidelity's SIU to protect AFA, our customers, and to aid in the reduction of dollars lost due to fraud by:
- Preventing, detecting and deterring fraud;
- Investigating and reporting suspected or known fraudulent activity;
- Maintaining compliance with all state anti-fraud requirements;
- Educating AFA colleagues in recognizing fraud indicators in the jobs they perform.