Clamping down on fraud.
Figures show that fraud has risen at an astounding rate and is costing the industry in excess of £1bn a year. Many believe more sophisticated application checking procedures would make a big impact on the volume of fraudulent claims, says Nick Bidmead.
Fraudsters will target whichever financial sector offers the bestbalance between risk and reward. Recent crack-downs in areas such as
benefit fraud and money laundering mean insurance has become an
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