Fraud
This week: The power of the collective
The Post team is feeling proud this week, having not just reached our fundraising target of £500 for our charity run through mud but having exceeded it well before deadline date. Thanks to all that have supported us so far.
IFED discovers £165,000 worth of 'opportunistic fraud' in nationwide crackdown
The Insurance Fraud Enforcement Department has launched a ‘crackdown’ of opportunistic fraud within personal injury and property claims.
Aviva's Townend replaces Blanc as IFB chair
The Insurance Fraud Bureau has apointed Aviva’s managing director of UK General Insurance replacing former Axa UK CEO Amanda Blanc.
Anti-fraud network becomes associated member of ABI
Anti-fraud network No Office Walls has become an associated member of the Association of British Insurers and has on boarded seven large UK insurers and brokers to the platform.
IFB issues caveat on insurance fraud figures
Crime numbers that show a decline in insurance fraud are not likely to be representative, the Insurance Fraud Bureau has warned.
Watchstone losses continue as group prepares for divestment
Watchstone made an underlying Ebitda loss of £3.6m in 2017, compared to a loss of £4.9m in the previous year.
Blog: What Cambridge Analytica means for AI in claims
Insurers and lawyers trying to automate claims through artificial intelligence must be careful not to violate ethical boundaries, explains Andrew Dunkley, head of analytics at BLM, pointing to the Cambridge Analytica scandal as a warning sign.
Roundtable: Where next for personal injury reform?
Discount rate and whiplash reforms are going through parliament. Will the outcome be beneficial to all?
Das v Asplin: Prosecution outlines arguments on fraud charges
The trial of former Das CEO Paul Asplin continued today (18 April) at Southwark Crown Court.
Ex-Das CEO Paul Asplin stands trial for fraud
Ex-DAS CEO Paul Asplin is alleged to have dishonestly failed to inform the insurer that he owned one third of CW Law and Med Report Limited during his service at the company, Southwark Crown Court heard today.
This week in Post: BIA shortlist and other insurance news
This week we unveiled the long-awaited shortlist for the British Insurance Awards.
Ghost broker jailed after making £321,000 of false car insurance claims
A ghost broker who used victims’ details to make £321,000 of false car insurance claims has been jailed.
Government introduces rules to curb bogus holiday sickness claims
Government has given the go-ahead on new rules that will help clamp down on bogus holiday sickness claims.
Regional review: Jersey
The largest of the British Channel Islands, Jersey is located 100 miles from the south of England and 14 miles off the French coast. Covering 45 square miles, the island offers one of the world’s major international finance centres. For the island's…
Aviva's Rob Townend on making sure policyholders benefit from whiplash reform
The whiplash reform and discount rate change can be positive for customers, but Rob Townend, managing director at Aviva UK general insurance, warns the challenge for the industry will be to demonstrate these measures have indeed benefitted policyholders.
Updated: QBE claims boss replaces Ashton West at helm of MIB
Ashton West OBE is to retire as CEO and executive director of the Motor Insurers’ Bureau, being replaced by former QBE group chief claims officer Dominic Clayden.
Insurers urged to not sweep internal staff fraud under the carpet, by LV investigations boss
Exclusive: 'Out-of-salary behaviour' and irregular work patterns have been identified as tell-tale factors for insurers to look out for in their efforts to identify potential theft of confidential data.
Blog: What does the first Insurtech Impact 25 listing say about the state of the sector?
“We have no doubt that we have missed some Fords and included some Tinchers. But who ends up a Ford and who ends up a Tincher is not pre-determined.”
Whiplash fraudster given two month prison sentence
A whiplash fraudster has been handed a two month prison sentence and been ordered to pay £14,000 in costs.
68% of homeowners think it’s acceptable to omit application information
Over half of UK homeowners believe it is acceptable to omit or adjust information in their application to keep their insurance premiums low, according to survey findings.
IFB appoints claims officers Nichols and Gibson to its board
The Insurance Fraud Bureau has appointed two claims officers from major insurers to its board.
This week in Post: Funding, fraud and finding life after Brexit
This week, the insurance industry received the news that the government’s controversial whiplash reforms are likely to be put into effect in April next year.
Blog: Escape of water claims must be investigated to stop rising cost
Insurers want to tackle the rising costs of escape of water claims but not enough are investigated to detect fraud or identify third-party liability, argues John Gow, operations manager and senior investigator, IFIC Forensics.
Q&A: DCI Andy Fyfe, Insurance Fraud Enforcement Department
Two months on from his appointment as head of the City of London Police’s Insurance Fraud Enforcement Department, Post sat down with detective chief inspector Andy Fyfe to discuss the ways Ifed is tackling insurance fraud.