Fraud
Penny Black’s insurance week
This week, Penny was given a taste of the exotic at the truly unique Archipelago Restaurant in the West End.
Interview - Bobby Gracey & Dr James Lygate: The future of forensics
Despite an abrupt and fractious first meeting many years ago, Bobby Gracey and Dr James Lygate are now business partners. The duo explain their plans for growth and diversification at IFIC.
Financial institutions under “relentless attack” from fraudsters
Fraud in 2011 topped £3.5bn, according to KPMG’s fraud barometer, which revealed financial institutions are under “relentless attack”.
Fraudulent insurance claims buck trend in overall rise
Reported cases of false insurance claims were down by more than 26% last year, despite general levels of fraud in 2011 rising by almost 9% on the previous year.
Credit hire: Two sides to the story
Credit hire organisations and insurers are blaming each other for the cost of credit hire. With the Office of Fair Trading conducting a review, will anyone emerge victorious?
IFB appoints Bird as full-time director
The Insurance Fraud Bureau has this afternoon confirmed the appointment of Phil Bird to the role of director on a 6 month secondment.
Trio arrested for selling fake Groupama policies
The police fraud unit has arrested three individuals suspected of selling fraudulent policies under the Groupama name.
Axa to use BAE systems fraud detector
Global insurer Axa has signed up to use BAE Systems claims fraud prevention service which it says will increase its efficiency and prevent honest customers from paying for fraudulent claims.
Air bag DNA foils insurance scam
Former police detectives working for Hastings Direct have helped secure the six month conviction of a 41 year old teacher for insurance fraud.
Fraud unit makes further arrests
The insurance fraud police unit has made a further five arrests - less than a month since its launch.
Gracey sets out charter for IFIC clients
One of Bobby Gracey’s first moves as the new CEO of forensics investigators International Fire Investigators and Consultants has been to draw up a charter guaranteeing services standards to customers.
Insurance fraud increases seven-fold in the Czech Republic
Insurance fraud is seven times higher in the Czech Republic than before the economic crisis according to internal figures from Generali.
GPs reveal steep rise in patients with 'bogus' injuries
Medical professionals are witnessing a sharp rise in the number of patients attempting to make fraudulent claims, with 60% of GPs surveyed by LV reporting an increase unscrupulous activity relating to car accident injuries.
View from the top: Fighting fraud
Insurers and intermediaries must act now to beat the rise in personal lines fraud, says Will price, BGL.
Roundtable - Analytics: the true value of quality data
As investment in analytics increases, Post gathered a group of experts to debate the rise in the use of data in all areas of the insurance industry.
BDO says insurers reduce large fraud
The finance and insurance sector accounted for 27% of reported fraud in 2011, compared with 56% in 2010, according to BDO’s annual Fraud Track.
Fraud unit makes first arrest
The insurer-funded police fraud unit made its first arrest yesterday hours after launching.
£9m police fraud unit opens for business
The insurer-funded police fraud unit officially launched today.
Axa warns of Christmas motor fraud
Axa has claimed December prompts huge jumps in fire and theft motor claims as one in ten consider defrauding their insurer to ease the financial pressures of Christmas.
Crash-for-cash contempt ruling victory
Insurers will be able to pursue crash-for-cash fraudsters through the courts more easily thanks to a legal precedent set yesterday, according to Esure solicitors Horwich Farrelly.
Motor insurers challenged to ditch mainstream methods for competitive advantage
Motor insurers must challenge mainstream thinking and draw from experiences in other industries if they are to truly gain competitive advantage over their peers according to a report out today.
Your say: Nothing left to fight for
Following the recent credit hire case of Darren Bent, and the alleged fraudulent activity of Autofocus, isn’t it time for all insurers to fully embrace the general terms of agreement protocol?
News analysis: Application fraud to top the agenda for motor insurers in 2012
The New Year’s resolution for many motor insurers is to tackle application fraud with the same force they have brought to bear on crash-for-cash fraudsters. “Staged motor accidents remain the top priority, but application fraud comes second,” according…
Loss adjusting - Desktopping claims: Alternative methods
Loss adjusters have been criticised for desktopping claims and contributing to the deskilling of the industry but can this practice be made to work?