Insurance fraud continues to grab headlines. From crash for cash rings to the alleged infirm caught on social media, the number of criminals that are being caught and publicised is definitely on the rise. But one area of insurance fraud that perhaps does not receive as much attention as others is that committed against commercial underwriters.
With this in mind, Post in association with CRIF Decision Solutions conducted research to find out how far behind other lines, commercial fraud is as a priority; what could be done to improve this; and the role of brokers in the value chain. Our research also delved in the data sources used and challenges faced in reducing fraud in lines from fleet to employers’ liability.
Based on the research findings, this spotlight focuses on what tools are required to enable the commercial insurance sector to proactively tackle fraud.
• Commercial lines vs personal lines fraud.
• Emerging threats.
• Pain points of commercial insurers and policyholders.
• Areas most susceptible to fraud.