1. ¹Katholieke Universiteit Leuven (K.U. Leuven) and Vlerick Leuven Gent Management School, Belgium
2. ²Department of Applied Economics of K.U. Leuven, Belgium and Faculty of Economic Sciences and Econometrics of the Universiteit van Amsterdam, The Netherlands

Abstract

This article is devoted to the phenomenon of insurance fraud. We start by surveying the various forms of insurance fraud as well as its extent and cost. We proceed to analyse the problem as the product of motivation and opportunity, and address the complexities of fraud control. Finally, we provide a high-level overview of current anti-fraud activity.