As companies and IT departments become more sophisticated in recognising scams, thieves are upping the ante. This article sheds light on what social engineering fraud looks like in 2018, prevention strategies in place and what to look for when seeking insurance cover for social engineering theft.
In this blog post, Keith Stonell, Managing director of EMEA at Guidewire looks at how insurers are transforming the industry by investing in predictive analytics and machine learning to improve customer experience, whilst cutting claims handling time and costs, and eliminating fraud.
Diving together into the information pool: Are insurers putting the power of contributory databases to good use?
This report explores the views held by personal motor insurers covering their perceptions of the benefits contributory databases give, or could give, to their organisations.
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.