Reckoning Frauds in Tanzania's Insurance Services: An Ethical Perspective


Authors : Emmanuel Selemani Shindika; Francis Daudi

Volume/Issue : Volume 6 - 2021, Issue 3 - March

Google Scholar : http://bitly.ws/9nMw

Scribd : https://bit.ly/3ctANJp

Fraudulent claims have been growing within the insurance sector despite strategies innovated every day as internal mechanisms to control. Surprisingly, automated internal control and services provisions attributed to the increase of fraudulent claims rather than serving the purpose. Some scholars argue that the lack of a code of ethics and professionalism has greatly contributed to an increase in fraudulent claims in the insurance sector. This is an important argument in which this paper attempts to explore fraudulent claims with a view of addressing the challenge and provide an ethical measure for the development of the insurance sector in Tanzania. Also, this paper evaluates efforts that have been done by the Tanzania Insurance Regulatory Authority (TIRA) in a war against frauds and other malpractice in Tanzania's insurance industry.

Keywords : Fraudulent, Ethics, Professionalism, Insurance.

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