EFFECTIVE ECONOMIC CRIMES PREVENTION MECHANISMS IN INSURANCE ENTITIES
Yuriy V. Timofeyev
HSE University, Moscow, Russian Federation
Keywords: behavioral red flags, internal economic crime, crime prevention mechanisms, insurance, internal control
Abstract
This study reveals effective mechanisms related to reducing the risk of internal economic crimes in the insurance industry. We conducted a survey of employees who hold key positions in leading Russian insurance entities. This study analyzes the prevalence and effectiveness of crime prevention mechanisms as well as the incidence and impact of internal economic crimes. Our results highlight the key features of internal economic crimes in Russian insurance companies, including behavioral red flags of principal perpetrators.
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