This article sheds light on Wales’s biggest, most “highly organised”, motor insurance fraud to date, why British insurers must improve their detection powers to combat future scams and how new technology can help insurers to identify fraud patterns in real time.
Research by data and analytics firm Experian reveals that wealthy couples are the second most frequently targeted demographic for identity theft. In this article, we explore how identity thieves operate, and how your High Net Worth (HNW) clients can avoid becoming their latest victim.
On 18 January, HM Treasury published the final report of its Insurance Fraud Task Force, chaired by former Law Commissioner David Hertzell. Download this CII briefing for a summary of the report’s findings and recommendations looking into insurance and claims fraud.
This final report represents the culmination of the Taskforce’s year-long review into insurance fraud. The report explores relevant issues including the scale and impact, regulators and legal frameworks and what has already been done to tackle fraud, before making targeted recommendations.
In response to the Insurance Fraud Taskforce’s year-long review into insurance fraud, FOIL provides a summary of the key findings. Topics covered include: small claims track limit; NIHL; limitation; defending claims; recommendations for insurers.
At the EL SFT Roundtable event in October, Charles Cory-Wright QC and Emily Formby of 39 Essex Chambers joined EL SFT members and guests to speak on the development of the principle of “fundamentally dishonest”. FOIL’s update sheds light on the latest developments.
Reform to the regulatory landscape covering the personal injury compensation system hasn’t addressed the underlying cause of claims, the UK’s compensation culture. This briefing studies the impact of fraud upon motor premiums, industry efforts to tackle insurance fraud and the activities of CMCs.
The cost of general insurance fraud is estimated at £1.3 billion for detected fraud, with a further £2.1 billion undetected. This supplement covers the insurance fraud landscape and what brokers need to do to meet legal and regulatory obligations.
Despite a range of unprecedented reforms and the industry’s own determination to fight motor claims fraud, numbers appear to be on the rise. This article studies the factors that could be influencing this alarming statistic.
After years of running battles, the focus on fraud prevention has moved to the employer’s liability sector, with the industry keener than ever to show it is not a soft touch. Download Post's article to find out more.