The insurance firm internal auditor as fraud-buster

SelectedWorks Author Profiles:

Carl J. Pacini

Document Type


Publication Date


Date Issued

January 2000

Date Available

March 2014




Internal fraud is a significant problem faced by property and casualty insurance companies. Asset misappropriation committed by employees accounts for more than four out of five offenses. The insurance company internal auditor is often in the best position to detect, prevent, and deter employee fraud. This article outlines the types of fraud that occur in the property and casualty insurance industry, the fraud risks and signals that insurance firm internal auditors should recognize, the assistance that insurance internal auditors can provide for independent auditors, and the positive steps insurance internal auditors can take to prevent, deter, detect, and report fraud.


Abstract only. Full-text article is available only through licensed access provided by the publisher. Published in Society of Chartered Property and Casualty Underwriters. CPCU Journal, 53(3), 168-180. Members of the USF System may access the full-text of the article through the authenticated link provided. (reprinted in Best's Review 100 (March): 57-8.




Chartered Property & Casualty Underwriters Society

Creative Commons License

Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.