Insurance Fraud Bureau (IFB)
Data-sharing portal thrown into limbo
The proposed claimant data-sharing portal has hit a standstill, as the Association of British Insurers demands solicitors give something in return for insurer-held information about fraud. The "ball", according to the ABI, is now firmly in the Motor…
Marr heads First Central fraud team
Former Insurance Fraud Bureau director Glen Marr is to head a new 29-strong cross-business counter-fraud team for insurer First Central.
Insurers better than most at tackling fraud
The insurance industry's £2.1bn of fraud is the biggest slice of the financial services sector's £3.5bn total and more than twice the size of its nearest rival mortgage fraud (£1bn), according to the government's National Fraud Authority.
Calls for telematics standardisation splits industry opinion
Rival firms raise question marks over Wunelli chairman Sandy Dunn's proposals
Application fraud: deliberate use of inaccurate information on the rise
The number of opportunistic fraudsters has rocketed with the use of aggregator sites, as some customers deliberately provide inaccurate information in an attempt to get cheaper premiums.
Insurance bosses invited to discuss common standard for telematics
Executives from some of the UK's biggest insurance firms will sit down next month to discuss the formulation of a common standard for issues surrounding telematics data ahead of an expected boom in demand.
Fraudulent claims continue to plague insurers, as index shows rise in cases
Location-specific blackspots indicate overall increase in UK insurance fraud
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
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.
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.
Market moves: XL rings the changes
XL led the way in the recruitment space this week, as insurers made a number of key appointments. While XL added four new staff members to its ranks, Liberty Mutual, Canopius, CNA Europe and Axa also had a busy seven days. In comparison, the broking…
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.
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.
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…
Fleet risk management: Risk on the roads
With government statistics showing a 7% annual increase in road accident fatalities during Spring 2011, should brokers be working harder on fleet risk management?
IFB names new boards for expansion
The Insurance Fraud Bureau is to split its governance and technical management into separate boards and has announced a new line-up up of senior industry figures who will take over in the New Year.
Motor insurers set to share application data in suspected frauds
Motor insurers want to share data from suspected application fraud, as criminals try multiple submissions to get cars on the Motor Insurance Database as cheaply as possible.
Market moves: ‘Tis the season for recruiting
As Christmas draws closer, the insurance industry has prepared for the New Year with a raft of appointments. In the broking market, there were moves for Aon and Willis, while Howden added three new faces to its team.
'We provided good evidence,' says IFB on BCR fraud case
The Insurance Fraud Bureau is standing by its decision to provide information on the investigation into BCR Legal but City of London Police is “disappointed” the case fell through.
BCR claims win in IFB fraud investigation
Insurance intermediary BCR Legal has claimed victory after a fraud trial against 14 defendants, including doctors and solicitors, collapsed in disarray.
Insurance fraud police unit reveals areas to be targeted after assessment
The £3m insurance fraud police unit could be charged with tackling ghost broking, insider fraud, ‘crash-for-cash’ and corrupt professionals, including lawyers and doctors.
Bird named as interim IFB director
Motor Insurers’ Bureau head of customer services Phil Bird is “overseeing day to day operations” at the Insurance Fraud Bureau following the departure of director Glen Marr.
Crash-for-cash in commercial motor a 'massive blind spot' for industry
The Insurance Fraud Bureau needs to take the issue of crash-for-cash involving commercial vehicles off the “back burner”, commercial motor insurers have warned.
Oxygen to sell off remaining assets - Insurance News Now
Post reporter Callum Brodie outlines this week's major general insurance stories including how market commentators believe large employee expenses and lack of profits are behind the demise of seven-year old Oxygen Holdings, as it prepares to sell off its…