Fraud
180 years of Post: Tackling arson
Arson has been with us almost since the day humankind discovered fire. It has blighted every society and great civilisations have their own chapters entirely devoted to spectacular acts of arson – just think of the deranged Emperor Nero fiddling while…
Insurance Covid Cast Episode Nine: Could Tiger King Joe Exotic cut it as a fraud fighter or handle big cats at Lloyd’s?
In the latest Insurance Post and Insurance Age video cast brought to you while our journalists are in isolation lockdown we present first in an irregular series - Covid Culture Club - where we discuss things to watch and do at home.
Davies promotes ex-Foil president James Heath to group chief risk officer
Davies has appointed James Heath to the newly created role of group chief risk officer.
Motor Insurance World Live video presentation: Same problem, new challenges; tackling motor fraud in 2020
Allianz has been tackling fraud for over a decade with savings increasing year-on-year for the last ten years.
Analysis: Motor insurers report up to 50% reduction in claims due to coronavirus lockdown
It is now just over a week since the Prime Minister locked down the UK on 23 March to help slow down the coronavirus pandemic, strict measures which have seen traffic significantly reduced on the UK’s roads. Post content director Jonathan Swift spoke to…
Morrisons data leak judgment of ‘limited comfort’ to businesses and their insurers
Insurance lawyers have responded to today’s Supreme Court ruling which found supermarket Morrisons is not ‘vicariously liable’ for a large-scale data leak by a disgruntled employee, saying it might be a relief for corporates but that it doesn’t signal…
Analysis: How are insurers responding to the rise of cryptocurrencies?
The use of cryptocurrencies continues to grow with investors increasingly regarding them as another asset class, while an increasing number of companies and countries now accept them as valid forms of currency
Blog: Claims - the final frontier for insurtechs
What is the insurtech difference when it comes to claims? Jonathan Swift mulls on how the Next Generation is starting to figure this out
Hastings looks to suppliers and fraud detection to staunch claims inflation
Hastings is hoping that investment in its anti-fraud capabilities and supplier partnerships secured in the tail-end of last year will mitigate the impact of claims inflation on its bottom line.
Kennedys spins out inhouse innovation team as stand-alone business
Law firm Kennedys has spun out part of its innovation function as a separate wholly-owned limited company in order to speed up product development and attract staff more suited to its technology/software focus.
CFC's Dave Walsh on driving innovation in the insurance industry
Innovation in insurance should focus on continually challenging our processes, our technology and our people to deliver what our clients want writes Dave Walsh, CEO of CFC Underwriting.
Analysis: 19th Century insurance frauds
Scandal, fraud, deception and rabid profiteering have never been far away from the insurance industry. Indeed, it is probably fair to say they have been uneasy bedfellows ever since the modern insurance industry started to lay its foundations in this…
Gallagher and hotel group reach agreement over alleged Heath Lambert 'secret profits'
Gallagher and Bloody Bay, which is locked in a legal battle with Besso, have reached an out of court agreement over alleged “secret profits” taken by a former Heath Lambert and later Besso employee, Post has learned.
Analysis: Rise of the clones
Insurance clone warnings doubled last year, as fraudsters got creative in their attempts to scam the public. Post investigates the rise of the clones and asks why it is so tough to police these fraudulent firms
This week: The wait is over
The wait began in 2017, and many of us felt that the agonising limbo might never end. But after two and a half years, the wait is finally over. That’s right: Kesha’s new album is out today.
Blog: Insurance fraud trends to look out for in 2020
Protecting customers online is becoming increasingly difficult. Brooke Snelling, senior manager at Iovation, a Trans Union company, highlights areas where insurers should be using tools to prevent fraud.
Experts tackle ethics of AI in insurance
Big data is not a game played by different rules, delegates at an insurance artificial intelligence ethics conference were today reminded.
Australian regulator warns of insurance scammers in wake of fires
Australians whose property has been damaged by the ongoing bushfires should beware of “fictitious or unscrupulous tradespeople, repairers or firms offering to assist them with their insurance claim”, the Australian Securities and Investments Commission…
Interview: James Long, Criterion MD
James Long assumed the position of managing director at Charles Taylor-owned loss adjuster Criterion in 2018, after 6 years at the company. He spoke to Post about the challenges the high net worth sector is facing, as well as predictions and plans for…
FCA issues warning over clone broker
The Financial Conduct Authority has issued a warning over an unauthorised firm pretending to be Speedy Insurance.
Blog: Shorter and flexible trial schemes - why aren’t insurers using them more?
Insurers will know that the litigation process is neither short, nor timely. Yet, that is changing, writes Stephen Netherway litigation partner at City law firm Devonshires.
Bumper year for FCA fines and unauthorised firm warnings
The Financial Conduct Authority issued 522 unauthorised firm warnings and an unconnected £227.3m in fines for the year up to March 2019, both signifying a jump.
Blog: Future-proofing the broker model
The insurance market seems stuck on the idea that digitisation and a move to app-based insurance products, will negatively impact brokers. Inzura CEO Richard Jelbert explains why they should be seen as an opportunity instead.
First Central looks to raise external investment to fund “ambitious plans for the future”
First Central Group is seeking external investment which will see its founders reduce their stake in the Guernsey headquartered insurance group, Post can reveal.