Fraud
In Series On Data: Bringing credit to the nation
Credit data is relied on to help decide if customers can repay monthly instalments but, as competition heats up, will insurers consider its use in APR calculations to give them an edge?
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
The Co-operative and Zurich keen to move on PM motor premium initiatives
The Co-operative is hopeful the insurance summit with Prime Minister David Cameron will lead to stamping out fraudulent personal injury claims while continuing to settle genuine ones.
Axa: fraud adds £607 to a home claim
Axa Personal Lines says it has seen an ongoing rise in the number of people exaggerating their home insurance claims.
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.
Autofocus Legal Action: Rival CHOs line up to take on insurers as Autofocus employees face prison
Long-running legal battle could bring the credit hire industry and the insurance industry closer together
In Series On Data: Insurers and brokers catching on to external data
External data sources are an increasingly important resource for insurers and brokers, as aggregators gain market share
In Series On Data: Insurers putting policyholder data on a diet
In a competitive market, validation is key to making data leaner and more reliable — but can it level the playing field for brokers, as well as insurers?
Polish latest nation to visit UK for fraud prevention tips
A delegation from Poland is the latest in a number of nations that has visited London to learn more about the fraud detection techniques used by the British insurance industry.
Penny Black’s insurance week
This week, Penny was given a taste of the exotic at the truly unique Archipelago Restaurant in the West End.
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.
Financial institutions under “relentless attack” from fraudsters
Fraud in 2011 topped £3.5bn, according to KPMG’s fraud barometer, which revealed financial institutions are under “relentless attack”.
Fraudulent insurance claims buck trend in overall rise
Reported cases of false insurance claims were down by more than 26% last year, despite general levels of fraud in 2011 rising by almost 9% on the previous year.
Credit hire: Two sides to the story
Credit hire organisations and insurers are blaming each other for the cost of credit hire. With the Office of Fair Trading conducting a review, will anyone emerge victorious?
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.
Trio arrested for selling fake Groupama policies
The police fraud unit has arrested three individuals suspected of selling fraudulent policies under the Groupama name.
Axa to use BAE systems fraud detector
Global insurer Axa has signed up to use BAE Systems claims fraud prevention service which it says will increase its efficiency and prevent honest customers from paying for fraudulent claims.
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.
Fraud unit makes further arrests
The insurance fraud police unit has made a further five arrests - less than a month since its launch.
Gracey sets out charter for IFIC clients
One of Bobby Gracey’s first moves as the new CEO of forensics investigators International Fire Investigators and Consultants has been to draw up a charter guaranteeing services standards to customers.
Insurance fraud increases seven-fold in the Czech Republic
Insurance fraud is seven times higher in the Czech Republic than before the economic crisis according to internal figures from Generali.
GPs reveal steep rise in patients with 'bogus' injuries
Medical professionals are witnessing a sharp rise in the number of patients attempting to make fraudulent claims, with 60% of GPs surveyed by LV reporting an increase unscrupulous activity relating to car accident injuries.
View from the top: Fighting fraud
Insurers and intermediaries must act now to beat the rise in personal lines fraud, says Will price, BGL.
Roundtable - Analytics: the true value of quality data
As investment in analytics increases, Post gathered a group of experts to debate the rise in the use of data in all areas of the insurance industry.