Anti-Fraud
Course Overview
The aim of this awareness sessions is to provide a preface to the topic of Anti-Fraud and enable employees at all levels (staff, management and members of the board of directors to new recruits) to recognize red flags of main types of fraud and serve as company’s eyes and ears.
It also provides employees with the knowledge needed to report fraud and suspicious activities via reporting channel to protect business.
Goal of Course:
This awareness session will help the audience to understand the importance of compliance of Insurance Sector in Saudi Arabia with regulation and instructions related to combating fraud and how every employee play an important role in that regardless of their job function or role in the organization.
The awareness session will be based on insurance industry in Saudi Arabia when it comes to examples and reference discussion topics to ensure that the session speaks the langue of the target audience and match their workplace environment.
Duration:
2 Days
Language:
English
Training Objectives
After completing this course, delegates will be able to:
- Understand fraud Risk
- Understand types of fraud
- Learn Common types of Fraud to be aware of
- Enable delegates to recognize red flags of main types of fraud
- Provide delegates with the knowledge needed to report fraudulent and suspicious activities
- Apply successful techniques to help prevent fraud
- Understand what insurers need to do to minimize the risk of fraud
Module Outlines
Module 1: Introduction to Fraud
- Fraud explained: definitions
- what constitutes fraud?
- Different Types of Fraud
- Fraud Risk Management— Overview
- Fraud risks affecting organization
- How Fraud can hurt everyone in the company
- Fraud: The Big Picture According to major insurance firms
- SAMA’s regulations & Supporting Guidelines
Module 2: Fraud Detecting and Prevention
- The foundation and link between preventing and detecting fraud
- Common types of Internal Fraud to be aware of
- Red flags of most common frauds
- Areas Where You Can Identify Red Flags
- Fraud risk management should be in place
- Fraud risk exposure should be assessed
- Prevention techniques to avoid potential fraud risk events
- Detection techniques should be established
- Exercise: Identifying the fraud risks in your organization
Module 3: Recognizing and Reporting report fraudulent and suspicious activities
- Identity fraud
- Examples of Identity fraud
- Define appropriate indicators to flag the danger signals of higher risk of fraud
- Early Warning Mechanisms
- A reporting process should be in place
- How to report actual or suspected fraud (questionable activity)
- Fraud reporting procedures (Internally and Externally) – SAMA’s Guidelines
- Typical fraud scenario: Real cases and examples
- Group Discussion: The fraud indicators – SAMA’s Guidelines
Module 4: Fraud Mitigation
- Evaluating fraud risk mitigation
- Examination of typical controls in place to mitigate the risks
- Risk exposures
- Identifying the vulnerable areas
- How to protect your business and minimize the risk of fraud – SAMA’s Guidelines
Customized Learning
Leap To Success is offering a variety of learning options to meet current realities and can be adapted to suit your business needs. These options include variants of online, blended and on-site course formats.
Face To Face Learning
Enabling you to have a face to face interactive and engaging learning experiences led by renowned industry experts and thought leaders with extensive practical experience who will employ a variety of interactive learning techniques, including short high-impact videos, case studies, assessments, role plays, in addition to on-going support.
Virtual Learning Labs
Interactive online learning held in real-time using Zoom and are led by international subject matter experts who incorporate case studies, breakout rooms, guided practice, simulations and discussions to maximise your learning experience.
General Methodology
Similar to any L2S training program, this program offers an interactive learning experience in which will allow the delegates to reflect on their learning through an informative, indulging, and fun classroom experience. The design of the training session focuses on the following attributes.
Concrete Experience: The delegates will learn by doing
Reflective Observation: Reflecting on the newly experienced skill-set
Abstract Conceptualization: Developing deeper understanding to the learned concepts
Active Experimentation: Providing the delegates with realistic tools that can be tested in the real life
Sign Up For the Course