Fraud
Medical Devices: Ripple Effect
The shockwaves of the Poly Implant Prosthèse breast implants scandal are continuing to affect insurers and the regulation of medical devices
EISL director fined by FCA for fraudulent NCD forms
EISL director Philip Eley has been fined £7200 by the Financial Conduct Authority and banned from working in his approved capacity by the regulator.
Court injunction out on two Hong Kong brokers
Two brokers stole confidential information in a systematic way before joining another broker in Hong Kong, according to a senior market source
Seventeen arrested in credit hire crackdown
Seventeen people suspected of credit hire fraud were arrested in raids across England on Wednesday morning.
Document fraud uncovered amid industry response to floods
Opportunistic fraudsters have been taking advantage of widespread flooding by lodging bogus commercial property and household claims, according to the Absolute Partnership.
Application Fraud: The whole truth?
A recent study found up to a quarter of all insurance applications could be deliberately inaccurate. What can insurers do to help prevent this?
In Series: Data: Down the data rabbit hole
Data is expected to drive change in the insurance industry, with greater volumes set to create distinct opportunities.
ABI agrees expanded £11.7m Ifed investment
The Association of British Insurers has agreed to invest £11.7m in the City of London Police’s Insurance Fraud Enforcement Department over three years.
Fraud Focus: Catching up with motor fraud
Are the days of motor insurance fraudsters numbered? Playing devil’s advocate, you might be forgiven for thinking that is the case.
Interview: Bill Paton: The other side of the telescope
When Bill Paton departed Zurich after three decades in general insurance, he took a short hop to law firm DAC Beachcroft to view life from the other side of the table.
In Series: Data: Weeding out fraud
With organised fraud costing the insurance industry an estimated £392m a year, is increased use of data the key to winning the battle?
Pet insurance register would collar fraudsters says Aquarium
A leading provider of insurance fraud software has called for a national register on pet insurance and claims in order to tackle growing numbers of frauds.
VFM claims first in escape of water desktop counter fraud solution
Counter fraud specialist VFM Services has unveiled what it claims is the first product to prevent insurance fraud on escape of water claims.
MIB and Experian agree five year MID partnership renewal
Experian has put pen to paper on a five year partnership renewal with the Motor Insurers’ Bureau to maintain the Motor Insurance Database.
Legal update: Fraud: Fraudster jailed for nine months after surveillance proves exaggeration
Leanne Revitt examines a case where a claimant grossly exaggerated his injuries.
C-Suite broker: Solving fraud through collaboration
Some criminals are moving from smuggling drugs to smuggling ivory, as the chances of getting caught are lower and the penalties more lenient.
Haven joins Insurance Fraud Bureau
Gibraltar-based specialty motor insurer Haven has become the latest insurer to join the Insurance Fraud Bureau.
Motor Claims 2014: Davies calls for UK to utilise cross-border data sharing to stamp out European crime
Axa’s global chief fraud control officer Richard Davies has called for the UK to embrace cross-border data sharing in a bid to clamp down on crime across the continent.
Spotlight On – Fraud: Learn from lessons
When tackling new types of fraud in the digital age, insurers can learn a lot from other industries.
Spotlight On – Fraud: Building on the foundations
The insurance industry’s approach to fraud has progressed enormously over the past 20 years but there is still more to be done.
Fraudster arrested in dawn raid receives suspended sentence
A fraudster who was arrested by the Insurance Fraud Enforcement Department during a dawn raid attended by Post received a suspended prison sentence at the Old Bailey today.
Gumtree broker handed suspended jail sentence
A ghost broker who advertised worthless car insurance on Gumtree has been handed an eight month custodial sentence, suspended for two years.
Fraud focus: Lies, damned lies and statistics
On 23 January the Office for National Statistics released its annual review of crime figures for England and Wales.
Education, education, education
Fraud is a major and growing issue. We've all heard the figures bandied around about how much this crime costs our industry, but the responsibility for tackling fraud does not lie at any one door.