Corporate Frauds and Gimmicks in Insurance and Financial Services Industry: The Recovering Perspective

Abstract

The external environment has a direct impact on the financial services and insurance sectors.
As a result, they are constantly under pressure to keep their financial figures stable. The end result is gimmicks and frauds! These pose the biggest risks to all parties involved. International markets are currently recovering from the 2008 global financial crisis. It is crucial to take into account the effects of these threats and safeguard the entire world community in order to improve management in recovering markets. This paper's goal is to examine the insurance and financial services industries for frauds and gimmicks that are common there, as well as the causes and origins of issues that lead to prudent management's downfall. The results are expected to assist investors with their investments and regulators in establishing stricter regulations and outlining the proper protocols for.