Insurers live in a world where fraud is rife, perception creates a hostile environment, finances are squeezed and the desire to grow is greater than ever before. This paper outlines how technology holds the key to tackling fraud by converting data into actionable business intelligence.
As more fraudulent behaviour creeps from personal lines into the commercial space, brokers and insurers need to work closely together to tackle the problem, according to our expert panel. This article sheds light on Insurance Age's recent roundtable discussion, in association with Allianz.
This study was commissioned by the ABI to better understand how insurance fraudsters approach their offending and to generate insights on the strengths and weaknesses of insurance fraud prevention approaches.
With the fight against fraud in personal lines being increasingly successful, fraudsters are beginning to target the financially viable commercial sector. This article assesses the behaviour of fraudsters, the increase in slip and trip claims, as well as noise-induced hearing loss claims.
The rise of technology has afforded fraudsters new opportunities, but it can also provide the tools to help brokers combat fraud. This article studies how brokers can improve counter fraud measures by investing in technology and utilising data analytics, shared information and MyLicence data.
The rate of detected fraud has risen from 24 to 35 frauds per 10,000 applications, although fraud prevention is proving more effective than ever. Experian's report sheds light on the changing face of fraud, including the relentless rise of ID theft, fraud by financial product and location.
Reforms have led to strong progress in tackling the whiplash epidemic, but the job isn’t done yet. What can parties involved in PI expect in the future?
With EU data protection legislation likely to impact insurers’ anti-fraud measures, key figures from the sector discuss whether the reforms represent a critical blow to their efforts or just a bump in the road. Download this article for analysis of Hill Dickinson's roundtable discussion.
Sky Insurance is an independent insurance specialist providing customers with bespoke insurance services, including car, home and business insurance. This two page case study looks at how Sky Insurance uses address validation software to help validate genuine claims and tackle fraud in the process.
While claims fraud continues to grab the most headlines, insurers and brokers are now focusing as much attention on fraud at the point of quote. Featuring input from senior industry fraud experts, this docu-video sheds light on industry efforts to combat application fraud.