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.
Fraud has gone high tech, with the potential damage that hackers using the internet can cause becoming a real danger. Now the industry is starting to use high-tech methods to fight back. Download Post's article to find out more.
Insurance Age’s Expertise from A-Z campaign in association with Allianz investigated the creep of fraudulent behaviour from personal lines into the commercial space. Download this video to find out more.
As whiplash reforms start to bite in the motor claims arena, fraud is growing in other areas, such as noise induced hearing loss claims. This article highlights why the Insurance Fraud Taskforce must work with the industry to educate customers in order to change the public perception of fraud.
Ask Cue PI – the enquiry service that allows approved organisations to check records held on the CUE personal injury database before they submit a personal injury claim through the Claims Portal – is now open for business. This one page article highlights the pros and cons of the new service.
One in ten people sees claims fraud as a victimless crime. This whitepaper examines why public perceptions of insurance fraud are hindering counter fraud activities and highlights why insurers need to leverage technology that has a clear positive benefit to the general public.
On 12 February 2015, the Insurance Act 2015 became law, signifying the end of a detailed review of the legislation underpinning insurance law in the UK. This CII policy briefing explores how the Act will change the UK’s commercial insurance law and ensure that it is fit for the Twenty-First century.