Abstract: Insurance firms are supposed to post good performance irrespective of the pay-outs relative to claims for compensation made by the insured. However, the many cases of fraud reported have negated the benefits which would otherwise accrue from operations of insurance firms in Kenya. These cases have been on the rise. Coupled by scarcity of empirical literature on the foregoing, this study sought to examine the effect of risk monitoring on fraud prevention among insurance firms in Nakuru County, Kenya. The risk management theory guided the study. A survey research design and quantitative approach were employed. A sample of 64 risk assessment officers working with the aforesaid insurance firms were sampled using stratified random sampling technique. The collected data were......
Key words: fraud, fraud prevention, insurance companies, risk, risk monitoring
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