In the property and casualty sector alone, insurance fraud related losses are estimated to be over £20 billion per year. This paper is dedicated to demonstrate how and why advanced analytics can assist in identifying and decreasing the number of fraudulent claims.
This article aims to explain how the GDPR will impact on the insurance industry and the key challenges in fighting fraud once the regime comes into force in May 2018. The article sheds light on key industry concerns in relation to counter fraud data and the increasing value of ID verification.
Technology has reshaped the threat landscape for households. This whitepaper sheds light on why cyber protection is critical to help families offset the costs of cyber crime, three key issues that cyber cover must address and the essential components of a good product mix.
The Blockchain Insurance Industry Initiative ‘B3i’, of which Zurich was a founding member, was launched to examine the potential advantages blockchain technology could bring to the insurance industry. This article explores the various applications blockchain could serve for the insurance industry.
With trials of driverless car fleets now occupying our national roads, the motor sector is getting an upgrade like never before, whilst new entrants are causing insurers to tighten their seat belts. What is really driving the motor industry today? Michèle Bacchus decided to take a closer look.
“Social engineering” refers to a variety of methods used to obtain access, data or money through fraud. This short article sheds light on three types of social engineering attacks which are on the rise and the risks facing businesses.
February 2016 saw the first ‘fundamentally dishonest’ ruling made in relation to a noise induced hearing loss [NIHL] claim. This article highlights the significance of the ruling and offers three top tips for insurers interrogating data related to NIHL claims.
How can insurers apply property attribute data to best effect during the claims process? This article sheds light on how insurers can leverage CRIF’s insurance fraud investigation service to access vital property insights which enable claims investigators to rapidly validate claims and tackle fraud.
Misrepresentation at point of quote or sale has arguably been one of the biggest growth areas in insurance fraud. So why is the insurance industry seeing this trend and is it set to get worse? Download this article to find out more.
Reducing fraud losses is a high priority for insurers, with the market recognising they must contain fraud as a ‘managed risk’. But how can insurers work smartly to detect claims fraud? This article sheds light on how claims fraud indicators can be grouped into four main areas to improve detection.