Fraud
C-Suite - Insurer: Putting the brakes on whiplash
The industry must ensure it goes all out to discourage dishonest whiplash claims
Ifed arrests 11 in national travel fraud bust
Eleven people have been arrested across the UK for submitting travel insurance claims thought to be fraudulent.
Vans targeted in one third of crash-for-cash claims
Light commercial vehicles have been involved in almost one third of collisions involving crash-for-cash fraud rings in the past 12 months, according to research from Hill Dickinson and anti-fraud firm APU.
BIA Countdown: Achievement winner reflects: Q&A with Ashton West
Since their inception, the British Insurance Awards have become the unrivalled badge of excellence for the insurance sector, raising standards across the industry through their showcasing of best of breed performance and innovation.
Couple sentenced for £1.1m life insurance fraud
A man who faked his own death and his wife were sentenced to prison today after fraudulently claiming £1.1m from life insurance policies and investments.
Fraud Focus: Will fraudsters flourish?
Reported fraud levels are on the rise, the number of motor claims being retained on the Ministry of Justice portal remain high, fraud litigation volumes are decreasing, and average damages payments are rising and qualified one-way costs shifting is now…
Aviva data shows crash for cash incidents up 51% last year
Aviva is calling for stronger deterrents for crash for cash gangs after claims fraud data from the insurer revealed there had been a 51% increase in fraudulent slam-ons last year.
Met seizes 100 000th uninsured car in London
The Metropolitan Police Service has seized its 100 000th uninsured vehicle in London.
Your say: More than technology to tackle fraud
The recent article on SSP’s behavioural anti-fraud weapons certainly highlights the difficulties in accurately detecting and eliminating application fraud.
Editor's comment: What's under the wrapping paper?
Surprises for the insurance industry usually come in the form of floods, fires and windstorms, so it must have been a welcome change for the sector this weekend when Justice Secretary Chris Grayling handed them a more pleasant gift by stepping up the…
IFB targets brokers as it plans to extend into tackling property and liability fraud
The CILA quick to register interest in joining expanded fraud bureau
Call for fraud reform clarity over ‘fundamental dishonesty’ definition
MoJ plans include a ban on incentives to claimants and pre-medical offers
Industry welcomes government fraud action
Insurers have welcomed government measures to tackle insurance fraud announced today by Justice Secretary Chris Grayling.
MoJ plans strike out legislation for fraudulent claims
The Ministry of Justice is to step up its fight against fraudulent insurance claims by introducing legislation to require courts to reject entire compensation claims where a claimant has been “fundamentally” dishonest.
Your say: Investing in fraud specialists
The latest fraud results announced by the Association of British Insurers demonstrate once again that fraud is a risk that our industry cannot ignore as unchecked it will eradicate any marginal bottom lines in what continues to be a tough market for most.
SSP launches behavioural anti-fraud weapons
Software specialist SSP has unveiled a new anti-fraud solution that will tackle crooks through behavioural analytics.
Ifed investigation leads to four 'crash for cash' arrests
Four people have been arrested in dawn raids following months of investigation by the Insurance Fraud Enforcement Department into a suspected ‘crash for cash’ gang.
Ifed dismisses ‘London-centric’ tag and defends conviction statistics
ABI funding of Ifed to increase despite £105 000 cost to industry per prosecution
Roundtable: Fraud: Talking tough
The insurance industry has made a big noise about increased anti‑fraud efforts in recent years, but how significant has the impact been – and where could firms do more?
Foil calls for Ifed to expand into the north to tackle rising fraud
Figures produced by the Association of British Insurers stating that detected fraud is at a record high has led to calls for the Insurance Fraud Enforcement Department to expand its presence, including the creation of an operational base in the north of…
TV fraud on the rise in lead-up to sporting summer warns VFM
Insurers must be on the alert over the next couple of months, as fraudulent claims for televisions have risen significantly in the run up to this year’s sporting summer, counter-fraud Specialist, VFM Services, has warned.
Cost of fraudulent claims rose by 18% in 2013, says ABI
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to the Association of British Insurers.
Equifax wins G4S insurance fraud protection contract
G4S Investigation Solutions UK has reached an agreement whereby Equifax will provide fraud protection and data matching solutions to its specialist insurance claims division.
Welcome to the bizarre world of insurance fraud
by Sally Griffiths, director at VFM Services Ltd