Unlocking fraud intelligence through better data sharing

Insurance fraud, in all its guises, is becoming increasingly sophisticated - from exaggerated claims to application fraud, staged or induced accidents and complex, organised fraud networks armed with the latest technology. Industry collaboration is needed to tackle the threat.

Research conducted by Insurance Post in partnership with CRIF reveals a clear consensus across the UK market: collaboration and intelligence sharing are critical to tackling fraud effectively. However, while the willingness to share information exists, many insurers continue to face significant operational and technological barriers that limit the effectiveness of current processes.

This content highlights why improved intelligence sharing, streamlined RAD processes and AI-driven tools are critical to tackling organised, sophisticated fraud.

Topics covered:
• A more complex fraud environment.
• Why collaboration is no longer optional.
• How fraud intelligence is shared today.
• The important role of the RAD process.
• Overcoming the friction challenge.
• What technology limitations really mean.
• Future fraud prevention.