The Certified Insurance Fraud Investigation Professional (CIFIP) program is a prestigious certification designed to equip individuals with advanced knowledge and expertise in the specialized field of insurance fraud investigation. Insurance fraud poses significant financial challenges to the insurance industry, making skilled fraud investigators essential. Professionals with CIFIP certification are acknowledged for their mastery in fraud detection, investigation techniques, legal procedures, and ethical standards within the insurance sector.

Certification Program Objectives:

Upon completing the Certified Insurance Fraud Investigation Professional (CIFIP) program, participants will acquire a comprehensive skill set, including the ability to:

• Insurance Fraud Detection: Develop expertise in identifying various types of insurance fraud, including fraudulent claims and applications.
• Investigation Techniques: Master investigative methodologies, evidence gathering, and interviewing skills to conduct thorough fraud investigations.
• Legal Procedures: Understand the legal aspects of insurance fraud investigations, including the presentation of evidence in legal proceedings.
• Ethical Standards in Fraud Investigation: Demonstrate ethical conduct and professional integrity in all aspects of insurance fraud investigation.

Certification Requirements:

• Bachelor’s Degree

And/or

• 2 – 5 years of relevant work experience

Certifying Examination:

• To be certified as CIFIP, student should take up a 1.5 hours online exam conducted by AIBM.
• The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
• Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

1. Insurance Fraud Detection
2. Investigation Techniques in Insurance Fraud
3. Legal Procedures in Fraud Investigation
4. Ethical Standards in Insurance Fraud Investigation
5. Data Analysis and Forensic Accounting in Fraud Investigation
6. Interviewing and Interrogation Techniques in Fraud Investigation

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The Certified Insurance Fraud Investigation Professional (CIFIP) certification is highly valuable for professionals within the insurance industry, including:

• Insurance Fraud Investigators: Those responsible for detecting and investigating fraudulent insurance claims and applications.
• Claims Adjusters: Professionals involved in assessing claims while detecting potential fraud.
• Legal and Compliance Specialists: Experts focusing on the legal aspects and regulatory compliance related to insurance fraud investigations.
• Risk Analysts: Professionals analyzing risks related to fraud within the insurance sector.
• Law Enforcement Personnel: Officers working on insurance fraud cases in collaboration with insurance companies.

Earning the CIFIP certification signifies your expertise in insurance fraud investigation, fraud detection, and adherence to ethical standards. Whether you are already working in the industry or aspire to do so, this certification equips you with the knowledge and skills needed to excel in roles that demand advanced proficiency in investigating and preventing insurance fraud.

Join the CIFIP program and embark on a journey to become a Certified Insurance Fraud Investigation Professional, contributing to the integrity and financial stability of the insurance industry by combating fraud effectively.