Fraud
Application fraud: shift in culture and focus needed to start tackling application fraud
The insurance industry "will need a shift in culture and focus" before it can start recording successes in application fraud similar to those it has already achieved with claims.
Fraudster jailed after landmark ruling
A Bury man has been imprisoned for six months for his part in a complex motor insurance fraud in a landmark civil judgment.
In series - fraud: insurance fraud - a victimless crime?
With insurance fraud often seen as a victimless crime by the public, James Earp and Angela Gibson examine ways in which the industry can educate policyholders and pursue criminals.
Application fraud: gaming the system accounts for 50% of online fraud
Half of all online application fraud comes from what is known as "gaming". That was the view of Martyn Kyle, head of insurance at SAS, who added the other 50% could be attributed to organised criminals.
Application fraud: step forward in fraud fight
The fact that underwriters are now starting to wake up to the issue of application fraud is a step in the right direction towards effectively combating the issue.
Crawford fraud boss pinpoints social media as ideal weapon
Crawford & Company vice president of counter-fraud solutions Bobby Gracey has highlighted social networking websites as a new weapon that insurance companies can use to combat fraud.
RBSI ousts Esure to win Sainsbury’s Finance contract – Insurance News Now – 24 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including the decision by Sainsbury’s Finance to replace its current motor insurance provider Esure, with Royal bank of Scotland Insurance.
Trio joins Questgates
Questgates has made three appointments to its motor division.
View from the top: embrace update challenge
Sometimes, if you want to look forward, it helps to have a look back first. This seems particularly true for the upcoming Continuous Insurance Enforcement legislation.
Crawford trials data mining plan with three suppliers
Crawford & Company is trialling three potential suppliers to support its plans to launch data mining and matching capabilities within its counter-fraud unit.
In series - fraud: the routes to recovery
With fraud now costing the industry £2.1bn a year, Nick Wood and Angela Gibson explain the various routes to recovery and added advantages this can bring.
Editor's comment: Out of step with reality?
Just before the devastating events began to unfold in Japan last week, the UK insurance market found itself vexed by the Transport Select Committee's report into the rising cost of motor insurance.
In series: tackling the problem of fraud
Fraud is no longer the elephant in the room for the industry — but insurers still need to go on the offensive to tackle the issues, says Rachel Gordon.
Post history - five years ago: Imminent IFB looks to save £200m
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this article from five years ago reveals.
Post Magazine – 17 March 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Apil calls on insurers to take action on fraud
The Association of Personal Injury Lawyers has urged the insurance industry to drive forward the recommendations outlined in the Transport Select Committee report.
Dedicated insurance police force mooted
The Association of British Insurers general insurance council will debate the setting up of a dedicated police unit aimed at tackling insurance fraud at its next meeting on Thursday 17 March, Post has learnt.
ABI: transport committee motor insurance report is a "missed opportunity"
The Association of British Insurers has accused the transport select committee of "choosing to ignore” vital evidence provided by the insurance industry into the cost of motor premiums.
SFO and police make arrests in connection with Kaupthing collapse
The Serious Fraud Office, City of London Police, Essex Police and Icelandic investigators have mounted search and arrest operations in London and Reykjavik.
Facebook reveals insurance fraud
Axa investigators have uncovered a car insurance fraud in Wirral after discovering the two conspirators were Facebook friends.
IFB set to increase operational resources
The Insurance Fraud Bureau said it is responding to market appetite for its services and growth in the number of industry customers it works with, by increasing its operational resources.
Cunningham Lindsey hails fraud ring conviction
Cunningham Lindsey’s Investigation Services has helped to secure the convictions of two men involved in a £250,000 tractor ringing scam.
Post Europe March: Exclusive protective cell content now live
Post Europe March is now live with a look how changes to the regulatory environment are affecting protective cell companies; the focus that insurance in high net worth is receiving; the increasing motor fraud trends in Eastern Europe; and an interview…
Insurance Insight March: Exclusive protective cell content now live
Insurance Insight March is now live with a look how changes to the regulatory environment are affecting protective cell companies; the focus that insurance in high net worth is receiving; the increasing motor fraud trends in Eastern Europe; and an…