Fraud
In Series: Claims: Investigating the investigators
What will the FCA’s examination of insurers’ use of private investigators uncover – and will it affect industry efforts to combat fraud?
Whiplash fraud “minimal” in Hong Kong says Kwiksure
Suspected whiplash frauds remain minimal in number in Hong Kong according to data from Asian broker Kwiksure.
Police stop one man’s three-year motor-fraud spree
Police in China finally caught up with a man who crashed a car on average every three days for almost three years as part of an insurance scam.
Ex-DAC Beachcroft partner joins BLM fraud team
Berrymans Lace Mawer has appointed new partner Joanna Keogh to its national fraud team.
Engineer jailed for fraudulent claim
An engineer who tried to claim £900 000 from RSA after suffering an accident at work has been jailed for eight months after pleading guilty to committing fraud.
IFB boss Fletcher welcomes fraud sentencing consultation
Insurance Fraud Bureau director Ben Fletcher has hailed a consultation from the Sentencing Council to set new guidelines for fraud.
Payment Protection Insurance: Paying the price
With payment protection insurance complaints putting a seemingly never-ending financial strain on the industry, can the product ever bounce back?
Comment: Creative fraudbusting
Appealing to the casual fraudster’s conscience won’t work – it’s time for a more direct approach, says Eddie Longworth.
Insurance claim handler sentenced for fraud
An insurance claims handler who conned almost £7000 from her employer to fund shopping trips has been sentenced.
Insure the Box hackers sentenced after Ifed investigation
Two men who hacked into Insure the Box’s payment systems and secured £187 000 worth of car insurance for just £30 have been sentenced at Liverpool Crown Court.
Accenture reports 10% rise in fraudulent insurance claims in three years
More than two-thirds (71%) of claims executives at European property and casualty insurance companies have seen an increase in the number of fraudulent claims over the past three years, according to Accenture.
Accenture finds fraudulent insurance claims rise 10% in three years
More than two-thirds (71%) of claims executives at European property and casualty insurance companies have seen an increase in the number of fraudulent claims over the past three years, according to Accenture.
Anti-fraud software could lead to 3% combined ratio reduction
A software firm claims it can reduce UK insurers’ combined operating ratios by up to 3% by tackling motor and liability insurance fraud with predictive analytics.
IFB working on new model to attract brokers put off by membership cost
Move coincides with demand for greater broker representation on fraud register
Axa denies complicity after Accident Exchange exhumes Autofocus cases
AE’s chief vows to right wrongs of ‘deceitful’ practices in targeted legal action
Editor's comment: Hit in the pocket home and away
Last week I described fraudsters as the long-standing foe insurers are unable to rid themselves of, and this week, true to form, they struck both home and away in the place it hurts insurers most – their pockets.
Property Claims 2013: Insurers urged to use fraud register to punish fraudulent policyholders
Industry told of ‘massive obligation to raise awareness around morality’
Your Say: Tackle fraud in casualty claims
Reports and speculation that organised fraudsters are now targeting the casualty market are in my opinion valid.
Post Audio Supplement - 30 May 2013
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Allianz investigates possible employers’ liability fraud rings
Insurers must do more to clamp down on fraudulent employers’ liability claims before organised fraudsters take the “next logical step” into the EL sector, according to Allianz fraud manager Mihir Pandya.
Leader: Fraud: insurers’ enduring foe
The insurance industry is learning it needs to evolve and adapt to survive and, to be fair, in the past five years it has increased its use of technology, reintroduced telematics and developed apps for mobile devices.
Claims rise adds to fears fraudsters are targeting EL
Employment arena is ‘fertile’ ground for organised fraud
Sky subscribers warned against bogus insurance salesman
Residents in Cheshire are being warned not to be duped by a con-man who has been attempting to sell insurance for Sky television set-top boxes.