The impact of forensic accounting services on fraud prevention in the insurance companies of kenya

Abstract

Fraud is a major problem facing the insurance industry in Kenya and negatively impacts the entire insurance industry. For insurers, fraud risk is a complex issue that affects both insurers and insurers. While fraud raises insurance costs, making the industry uncompetitive, it causes insurance companies to pay high premiums. This research explores the function of national financial services in preventing fraud in the Kenyan insurance industry. The study examined all 49 insurers registered with the Kenya Insurance Companies Association in 2013. With the help of a good survey, important information is obtained. The collected data were coded and analyzed using the Statistical Package for the Social Sciences (SPSS).