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.
Insurers must closely guard how they balance exposure within their books of business. This whitepaper studies how Esri helps leading insurers, reinsurers and risk managers build a profitable portfolio, refine underwriting practices and reduce fraud.
Post, in conjunction with Equifax, conducted exclusive research into attitudes and strategies to prevent ‘point of application’ fraud. This whitepaper focuses on how insurers can tackle application fraud, whilst achieving the right balance of checks without creating friction for customers.
The Law Commissions have made recommendations on business customers’ duty to provide pre-contract information to their insurer and the actions insurers can take if the policyholder breaches the warranty. This paper studies developments concerning the Commissions' review of Insurance Contract Law.
This is the fourth report we have published since 2010 on the cost of motor insurance. This report reviews Government plans to tackle fraudulent and exaggerated motor insurance claims, particularly for whiplash injuries.