Fraud
Your say: uncovering dishonest drivers
It is no secret that a large quantity of drivers who have not recently claimed, and whose circumstances have not changed, are nonetheless paying increased insurance premiums.
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.
Claims Roundtable: How can insurers innovate to win the retention race?
In the toughest economic environment for years, companies have to prove they have a competitive edge when it comes to handling claims.
Brightside's "tough love" anti-fraud approach lifts profits
Brightside Group chief executive Arron Banks has cited the company's "tough love" anti-fraud prevention techniques as the reason for its 37% pre-tax profit boost.
ISE 2012: Interest in cyber insurance 'overwhelming' in Europe
Speaking at Insurance Insight's inaugural Insurance Strategy Europe event, Jacob Ingerslev, European underwriting director for technology and cyber risks at CNA, said that interest from Europe in cyber crime insurance is growing rapidly.
Application fraud: prevention is better than cure
The industry is beginning to tackle fraud at the application stage, effectively stopping fraud from taking place before a claim can be lodged
Roundtable: Technology collaboration - will the industry ever learn?
Could insurer and vendor fears over losing unique selling points be hampering the wider good of the industry?
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.
Post magazine – 22 March 2012
The latest issue of Post is now available to subscribers as a digital and interactive e-book.
Your say: Addressing fraud
The issue of fraudulent employers’ liability and public liability claims has recently been debated, and the drive to tackle such claims is to be applauded. Caution is urged, however, when deciding what is and - what is not - fraud.
Fraudulent claims continue to plague insurers, as index shows rise in cases
Location-specific blackspots indicate overall increase in UK insurance fraud
Fraud rises 70% in Indian general insurance
Indian insurance companies incurred losses of over Rs30,000 crore in 2011 due to fraudulent activity, according to a recent study by Pune-based firm Indiaforensic.
More sharing of intelligence needed in fight against insurance fraud
Greater sharing and use of intelligence could achieve significant results in tackling insurance fraud, according to law firm DAC Beachcroft.
Birmingham 'entertainer' turns fraudster in personal injury claim
A Birmingham man has had his personal injury claim thrown out and was ordered to pay costs of over £24 000 after he attempted to defraud Esure.
The rise of King Artur: interview with Garwyn CEO Artur Niemczewski
After his grandparents escaped the clutches of the Nazis during the Second World War, Artur Niemczewski spent his formative years in communist Poland. The recently appointed Garwyn chief executive reflects on his past as a nuclear scientist and outlines…
Household: Insurers weathering the cold
After a mild 2011, this year got off to a cold start as snow hit the UK. Will this force insurers to look beyond the past year and start pricing household and contents cover long term?
Legal chiefs angered by Downing Street snub at the motor premium summit
Only insurers were invited to the Number 10 meeting, leaving many sectors feeling left out in the cold.
Fraud: Organised crime - Bogus claims gangs cast a wider net
The profile of people targeted by gangs to make personal injury claims appears to be changing, with those involved becoming younger and more middle class. The link between youth unemployment and crime rates is hard to ignore.
Post magazine – 23 February 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Collaboration key to tackling Malaysian motor fraud
Collaboration is needed between insurance practitioners, adjusters and motor workshops in to improve fraud detection in Malaysia’s motor industry, according to industry sources in the region.
Liberalising the Italian motor market
The Italian government is aiming to combat motor insurance fraud with its Decreee Cresci Italy. However, as Paolo Golinucci explains this might not be as straightforward as it seems.
RTA Portal extension divides opinion due to lack of clarity and timescales
ABI welcomes changes but industry raises concerns over timescale for implementation.
Brokers issue retention rate warning over commercial insurance aggregation
Insurance firms looking to help aggregators target commercial insurance expansion in 2012 have been warned to check poor retention rates and increased fraud risks before over-committing themselves.
Immediate medical triage may cut whiplash costs
Treatment Network boss Jonathan Cook told delegates that offering whiplash claimants immediate medical triage when they first phoned in their claim prompted 15% of callers to "spontaneously recover" from their injuries.