Fraud
Fraud Management Briefing news: First broker poised to join the IFB
The Insurance Fraud Bureau is set to expand its membership after inviting brokers and loss adjusters to join its network.
Fraud Management Briefing news: Allianz boss seeks support for casualty fraud forum
Allianz fraud manager Mihir Pandya has vowed to establish a casualty fraud forum with the help of the Insurance Fraud Bureau.
Fraud Management Briefing news: Fraud victims broken down
Nick Mothershaw, director of fraud and identity solutions of Experian spoke to delegates about how the insurance and credit industries can work together to root out fraud using credit verification processes and checks.
ABI gives green light to Insurance Fraud Register trial
The Association of British Insurers has given the go ahead for a six month trial of the Insurance Fraud Register, at a meeting of the General Insurance Council on 30 September.
Postscript - five years ago: Fraud database set to launch
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news as this highlight from five years ago reveals
News analysis - Fraud: Some distance to go
While fraud detection has increased over time, there is still much more the industry could be doing in its approach. Lorraine Carolan and Craig Dickson report on what is holding it back.
BIS 2010 - News: Public sector can help fight against fraudulent applications
The public and private sectors should be working together to tackle fraud at the point of application.
BIS 2010 - Introduction: The view from the hill
Anthony Gould outlines the key debating points from two busy days in Tower Hill.
AM Best commentary: Keeping the balls in the air
While hardly a vintage year for the general insurance sector, 2009 did see an overall improvement due to investment earnings - but, says Catherine Thomas this year is unlikely to match up.
IFB agrees Detica software deal
The Insurance Fraud Bureau has entered into a five year contract with Detica for the implementation of its Net Reveal counter fraud software.
Four charged in £4m insurance scam
The Insurance Fraud Bureau has confirmed four people have been charged as part of an investigation into a £4m fraud against the UK insurance industry.
Questgates outlines SIA concerns
Loss adjusting firm Questgates has warned the government not “throw the baby out with the bathwater” after it revealed that the Security Industry Authority could face the axe.
Zurich targets mid-sized UK corporates
Zurich’s UK general insurance business is launching a new strategy and product suite for its mid corporate business – customers with a turnover greater than £5m, but less than £300m.
Legal: Deafening whispers
Potentially massive claims related to financial products and major economic events such as the Madoff case and the collapse of Lehman Brothers indicate that reinsurance should brace itself for an upturn in disputes, writes Michael Lum
Ex-Fortis fraud boss joins Groupama
Andy Pagett has been appointed by Groupama Insurances in the senior role of counter fraud manager.
Solicitors' PI: The road to reform
In recent times, the solicitors' professional indemnity market has been travelling a difficult path. Jane Bernstein examines the road ahead by taking a close look at proposed industry changes and the effect they may have.
Solicitors' PI - regulation: Making the grade
The imminent regulatory sea change in the legal profession offers the ideal opportunity to tackle the unpalatable issue of the assigned risks pool once and for all, asserts Tim Oliver. Sorting the wheat from the chaff early on would benefit all.
Solicitors' PI - block policies: Safety in numbers
Smaller legal firms can find it difficult getting professional indemnity cover in the midst of an economic downturn, but could there be a lifeline? Christopher Rooke takes a look at block policies and the advantages they can offer.
Serial insurance fraudster given four year sentence
A fraudster who tried to scam the insurance industry out of £10.5m in claims has been jailed for four years.
Fraud deterrent staff need to be given incentives
Employees tasked with the prevention and deterrence of fraud should be given incentives alongside their detection counterparts, if insurers are to develop a fully coherent and effective counter-fraud strategy.
Third-party fraud outside review scope
Law commissioner David Hertzell conceded the current ability for fraudulent third parties to only lose the dishonest part of their claim — rather than having to forfeit the whole — is "quite generous", but stressed this issue lies outside the scope of…
Postscript - 20 years ago: Fraudulent claims need handling
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 20 years ago reveals.
Industry called on to agree fraud benchmark
Assessing fraud exposure against competitors is the benchmarking 'holy grail' for insurers but, as yet, no common means for comparison has been found.
Claims management: Room for improvement
Getting the claims process right is imperative for brokers and insurers. Sam Barrett looks at what tops the wish list when it comes to partnering with claims management specialists.