Insurance Industry – Forensic Accountant

A forensic accountant is responsible for resolving financial insurance losses, including business interruption, stock, fidelity, product recall, product guarantee, by investigating claims through detailed analysis of accounting records, external sources and general enquiry.

This is usually done in the context of a claim which has been made, litigation or in cases of suspected fraud.

Forensic accountants assess quantum, liaise with and negotiate losses with corporate management, brokers, insurance lawyers, loss adjusters and also with accountants or representatives of the insured entity.

Click here for a detailed description of this role or watch the video below to learn more about forensic accounting within the insurance industry.

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