Fraud
Teradata VP hails connection analytics as key in combating customer churn
Insurers should make greater use of connection analytics to pinpoint their most influencial policyholders and reduce customer churn.
IFB set for a busy 2015 as it looks to fill details in five-year plan
The Insurance Fraud Bureau has unveiled a five-year plan to extend its remit beyond motor fraud and facilitate data sharing with lawyers and private investigators.
Hill Dickinson adds LSI specialists to counter-fraud team
Hill Dickinson has added two new legal directors to its counter-fraud team in a bid to strengthen its focus on sanctions and recoveries and low speed impact investigations.
Blog: Physical vs Virtual Security
Internet security expert and MD of Beaming, Sonia Blizzard, talks through some of the reasons why we still need and rely on physical objects and tools such as cars, premises and mobile phones - but the virtual world of data should not be ignored.
Fraud Focus: Pros and cons of fraud law revamp
One of the central pillars of the law relating to fraudulent insurance claims is being given a much overdue makeover. The Insurance Bill is largely good news for insurers, but there will be some areas where protection is reduced.
One fifth of European insurers not using technology to fight fraud
More than half of European insurers using business analytics saw detected fraud increase by more than 4% year-on-year, according to research from software firm SAS.
On demand web seminar: Mitigating insurance fraud at point-of-quote
Whilst the discussion about detecting and preventing fraud had previously been dominated by a focus on claims, as much attention is now starting to be paid to the point-of-quote and the challenges of handling the online interface.
IFR retains insurer support despite membership delays
Insurers have reiterated their support for the Insurance Fraud Register despite onerous data standards meaning that half of the UK’s largest motor players are yet to become members.
Roundtable: A step backwards in the fraud fight?
With EU data protection legislation likely to impact insurers’ anti-fraud measures, key figures from the sector discuss whether the reforms represent a critical blow to their efforts or just a bump in the road?
Insurance Fraud Awards 2014: The winners
Ageas was acclaimed as having the fraud investigation team of the year at last night's Insurance Fraud Awards.
Adrian Flux and Carole Nash first to sign up for IFB broker model
The Insurance Fraud Bureau has unveiled a two-tier membership model for small and larger brokers in a bid to strengthen the industry’s collective fight against fraud by opening intelligence sharing to a wider broker audience.
IFB assists in arrest of four fraud suspects in Cumbria
Data provided by the Insurance Fraud Bureau led to the arrest of four suspected fraudsters by Cumbria Police this week.
Ifed collars 11 in trips and slips clampdown
The Insurance Fraud Enforcement Department has today arrested 11 people as part of a day of action over fraudulent personal injury claims.
PIs slam ABI calls for regulation exclusion for in‑house investigators
Updated ABI member guidelines say FCA adherence negates need for regulation
Industry seeks aggregator assistance in fight against application fraud
ABI figures reveal 180 000 dishonest motor insurance submissions in 2013
ABI offers staunch defence of application fraud figures following criticism
The Association of British Insurers has moved to defend the process by which it calculated that 180 675 motorists attempted fraudulent insurance applications last year, following criticism by a claimant law firm.
SSP tackles £2.8bn application stage fraud with software launch
Software provider SSP has launched a counter fraud solution within a pricing and data platform in a bid to enable insurance companies to clamp down on rising motor fraud at the policy application stage.
Thompsons condemns ABI motor application fraud sums
Claimant law firm Thompsons Solicitors has hit out at figures from the Association of British Insurers which claims to show the scale of application fraud in motor insurance.
IFR promises ‘rapid action’ on broker engagement
The Insurance Fraud Register is targeting increased participation from distributors as a high priority according to Axa’s global head of fraud and IFR project sponsor Richard Davies.
IFB to launch small broker model in October
A new model designed to bring small brokers into the Insurance Fraud Bureau will be launched on 1 October.
Application fraud inflates annual insurance bills by £50, claims ABI
The Association of British Insurers is backing the development of schemes such as the Insurance Fraud Register and the My Licence initiative as a way of clamping down on rising application fraud.
ABI calls for PI regulation exclusion for in-house fraud teams
The Association of British Insurers has argued that planned regulation of private investigators should not apply to insurers’ in-house fraud investigation teams.
Merseyside men jailed for attempted £500k fraud against LV
Two Merseyside men have been jailed for their part in a car crash scam designed to defraud more than £500 000 from LV.
MIB extends shifts to 3am to step up support for police
The Motor Insurers’ Bureau has extended the operational hours of its dedicated police helpline in a bid to step up the offensive against uninsured motorists and deliver better support for roads policing teams across the UK.