Fraud
Post magazine – 22 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Your say: Addressing fraud
The issue of fraudulent employers’ liability and public liability claims has recently been debated, and the drive to tackle such claims is to be applauded. Caution is urged, however, when deciding what is and - what is not - fraud.
Fraudulent claims continue to plague insurers, as index shows rise in cases
Location-specific blackspots indicate overall increase in UK insurance fraud
Fraud rises 70% in Indian general insurance
Indian insurance companies incurred losses of over Rs30,000 crore in 2011 due to fraudulent activity, according to a recent study by Pune-based firm Indiaforensic.
More sharing of intelligence needed in fight against insurance fraud
Greater sharing and use of intelligence could achieve significant results in tackling insurance fraud, according to law firm DAC Beachcroft.
Birmingham 'entertainer' turns fraudster in personal injury claim
A Birmingham man has had his personal injury claim thrown out and was ordered to pay costs of over £24 000 after he attempted to defraud Esure.
The rise of King Artur: interview with Garwyn CEO Artur Niemczewski
After his grandparents escaped the clutches of the Nazis during the Second World War, Artur Niemczewski spent his formative years in communist Poland. The recently appointed Garwyn chief executive reflects on his past as a nuclear scientist and outlines…
Household: Insurers weathering the cold
After a mild 2011, this year got off to a cold start as snow hit the UK. Will this force insurers to look beyond the past year and start pricing household and contents cover long term?
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Fraud: Organised crime - Bogus claims gangs cast a wider net
The profile of people targeted by gangs to make personal injury claims appears to be changing, with those involved becoming younger and more middle class. The link between youth unemployment and crime rates is hard to ignore.
Post magazine – 23 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Collaboration key to tackling Malaysian motor fraud
Collaboration is needed between insurance practitioners, adjusters and motor workshops in to improve fraud detection in Malaysia’s motor industry, according to industry sources in the region.
Liberalising the Italian motor market
The Italian government is aiming to combat motor insurance fraud with its Decreee Cresci Italy. However, as Paolo Golinucci explains this might not be as straightforward as it seems.
RTA Portal extension divides opinion due to lack of clarity and timescales
ABI welcomes changes but industry raises concerns over timescale for implementation.
Brokers issue retention rate warning over commercial insurance aggregation
Insurance firms looking to help aggregators target commercial insurance expansion in 2012 have been warned to check poor retention rates and increased fraud risks before over-committing themselves.
Immediate medical triage may cut whiplash costs
Treatment Network boss Jonathan Cook told delegates that offering whiplash claimants immediate medical triage when they first phoned in their claim prompted 15% of callers to "spontaneously recover" from their injuries.
In Series On Data: Bringing credit to the nation
Credit data is relied on to help decide if customers can repay monthly instalments but, as competition heats up, will insurers consider its use in APR calculations to give them an edge?
Fraud IFED: Funding the fraud force
While early results have been impressive, some still believe the industry funding the Insurance Fraud Enforcement Department is a step in the wrong direction
The Co-operative and Zurich keen to move on PM motor premium initiatives
The Co-operative is hopeful the insurance summit with Prime Minister David Cameron will lead to stamping out fraudulent personal injury claims while continuing to settle genuine ones.
Axa: fraud adds £607 to a home claim
Axa Personal Lines says it has seen an ongoing rise in the number of people exaggerating their home insurance claims.
Fraud register to launch in July
The Insurance Fraud Register will go live in July after the Association of British Insurers and the Insurance Fraud Bureau signed contracts on the creation of the database.
Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison
Long-running legal battle could bring the credit hire industry and the insurance industry closer together
In Series On Data: Insurers and brokers catching on to external data
External data sources are an increasingly important resource for insurers and brokers, as aggregators gain market share
In Series On Data: Insurers putting policyholder data on a diet
In a competitive market, validation is key to making data leaner and more reliable — but can it level the playing field for brokers, as well as insurers?