Misuse of business assets occurs due to fraudulent transactions by business partners, managers, employees and customers. On the one hand, this situation has a negative effect on the profitability of the enterprises, on the other hand, it can create a serious danger on the continuity of the enterprises. For these reasons, it was necessary to develop a system for detecting fraud in businesses, calculating their economic value, and eliminating the conditions that paved the way for fraud. In order to meet this need, "Forensic Accounting", a sub-discipline of accounting, was born. Forensic accounting provides for the identification of frauds, the identification of the person or persons who committed the fraud, the determination of the amount of fraud and the reporting of the studies carried out in relation to these incidents of fraud and abuse. Forensic accounting service is basically performed by experts who have integrated knowledge in accounting, criminal, psychology, medicine, law and other disciplines, "Litigation Support" and "Fraud Audit Support" services are offered. The aim of this study is to determine whether there is a need for forensic accounting from the point of view of insurance arbitrators in detecting fraud and irregularities in the insurance sector, calculating and preventing economic costs. The questionnaire, which was prepared to provide the data needed for the research, was sent to 259 arbitrators, 242 arbitrators in the "Non-Life Insurance Branch" and 15 arbitrators in the "Life Insurance Branch" assigned by the Insurance Arbitration Commission. The obtained data were analyzed using SPSS 25.0 statistical program. The data obtained was analyzed using the statistical program SPSS 25.0. The findings were analyzed according to the sub-scales of insurance fraud and forensic accounting. The analysis revealed that forensic accounting would be effective in preventing insurance fraud.