The principle function of an insurance investigation is to verify all facts within a claim that is believed to be false or inflated. In addition to diligent fact-finding and comprehensive cross-referencing, insurance investigations also require a fierce independence and objectivity in pursuit of the unvarnished truth. The investigator for the job must not only have diverse experience in insurance claims, but must also be a third-party with no stake in the outcome of the investigation. As insurance claims continue to be on the rise the demand for these third-party insurance investigators will only continue to grow.
The most recent study from Global Insurance Investigations Market by AMA Research has predicted an uptick in insurance investigations between now and 2027. The market study included millions of datapoints, proving to be a comprehensive tool for industry experts and professionals as they attempt to understand the market trends forming of late. However, the question becomes how will the industry will be able to handle the influx of complex insurance investigations without over-taxing their internal resources and operations?
Third-party insurance investigators are always a safe bet when investigating allegedly inflated or fraudulent cases. They have no allegiance to either the insurance company or the claimant, so their findings will stand up to a higher degree of scrutiny in court. If the findings are challenged in a civil court by the claimant, it will be harder to impeach the findings by claiming some sort of bias in the investigation. Third-party insurance investigators, like private investigators are also autonomous in their work, and can operate without the red tape of internal hierarchy or bureaucracy, meaning investigations can move more swiftly as evidence is gathered, processed, and cross-referenced. Their autonomy means they can go where the case takes them in an expedient manner—they can speak to witnesses and gather evidence that may have otherwise been lost while internal boxes were being checked. At the end, not only will there be comprehensive reports to review by the insurance provider, but there is also an independent witness who can speak to the findings first hand, if necessary.
If your firm is having difficulty fielding the influx of insurance fraud investigations, consider the services of Lauth Investigations International to supplement your investigation needs. We carry a glowing A+ rating with the Better Business Bureau, and regularly receive glowing testimonials on our accuracy and professionalism from grateful clients. If you want to learn more, you can call 317-951-1100 for a free quote on how we can help you with insurance investigations, or visit us online at www.lauthinveststg.wpengine.com.