Fraud Analysis

cate wright BAE

BAE aims to take the fraud fight to the next level

Technology is helping turn the tide against insurance fraud, but the battle against evolving threats continues

labrynth

Brokers reveal biggest challenges to selling cyber cover

With the risk of cyber crime ever increasing and evolving, the threat to UK businesses remains high but cyber insurance uptake is still comparatively low compared to the US, Insurance Times looks at the challenges brokers face selling the product and how to overcome the problem

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Fraud Charter: ‘Help us stamp out bad CMCs’ – FCA’s plea to the industry

Frustrations peaked at the Insurance Times Fraud Charter last month over lack of communication from the Motor Insurers’ Bureau over the Litigants in Person portal, while the FCA updated the room about claims management company regulation

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Cyber is a reputational disaster waiting to happen - Mactavish CEO

Mactavish chief executive predicts a world where the reputation of cyber insurance “gets worse” if the placement remains “not good enough”

Ghost broker

Fraud Charter: Prevention is always better than cure

Educating consumers to stop seeing insurance as a grudge purchase would go some way to cutting fraud. But so too might be pointing out the consequences of a conviction

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'Expect a major shift in fraud post-reforms,' former IFB boss warns

Jason Potter also predicts a “significant spike” in traditional fraud ahead of the implementation date next year

IFB updates technology

Automation promises better fraud claim detection, but do we still need humans?

Can an algorithm make spotting fraudulent claims easier, and by doing so does it complement or eradicate the human element?

Whole Table

Fraud Charter: No progress on the LiP Portal for months

Medco’s Susan Brown says Medco and the MIB is being held in limbo by the MoJ

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Fraud News

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The world’s most stupid footballer? Star’s £6,000 costs after dishonest claim

Richie Allen claimed he couldn’t work, despite helping his team win the league

Cyber

Broker and underwriter data prime target for cyber crooks

The insurance sector remained an attractive target to both cyber criminals and cyber attacks by those engaged in espionage

Police

Fraudster jailed for attempt to scam Axa and other insurers

Serial scammer tried to rip off several insurers, as well as his own employer

social media

Ghost brokers targeting young drivers via social media

A month-long campaign has been launched to reduce the number of uninsured drivers on the road

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