iAtoday

As we approach Fraud Prevention Month in March, it is essential to take proactive steps to address the issue of group insurance fraud.

We firmly believe that through collective efforts, we can minimize the risks associated with fraudulent activities and ensure the integrity of group insurance plans.

A real crime with real consequences

Group insurance fraud is a real crime. This form of fraud occurs when individuals or organizations deliberately deceive insurance companies, leading to detrimental consequences for all parties involved.

The consequences of group insurance fraud are far-reaching, impacting plan administrators, plan members, and their family members: premiums may increase and benefits may need to be reduced.

What we do

At iA Financial Group, we are committed to detecting and preventing fraudulent activities through a robust and comprehensive approach. This includes the utilization of advanced technology and data analytics to scrutinize patterns and identify any irregularities that may indicate potential fraudulent behaviour.

We also perform random audits of claims and service providers to ensure compliance with industry standards, bolstering our efforts in fraud prevention.

What your clients can do

We believe in the importance of prevention and open discussion with the parties involved, like your clients and their plan members.

Plan administrators’ collaboration is essential to raise awareness and empower their plan members to partake in mitigating the risks of fraudulent behaviours.

We have prepared these communications for the occasion:

• Communiqué to be sent to group insurance plan administrators on February 24 (French version of the communiqué)
• Email to plan members (French version of the email)

If you have any questions, please contact your Account Executive.