Fraud Analysis

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 MIB regarding the LiP portal, and the FCA updated the room about CMC 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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December 2018 Big Question: What is coming in 2019?

The biggest names in the industry give their predictions for what lies ahead in the next 12 months

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Fraud News

crash

Motor fraudsters adopting new and dangerous ‘hide and crash’ technique

Anti-fraud expert group recognises rise to prominence of a dangerous new technique adopted by motor fraudsters

Bankruptcy

Shamed company director banned from running his business after fraud

The shamed businessman has been declared bankrupt after submitting false insurance claims

New car crash

Fraudster trio sentenced for crash scheme on pregnant woman

Two siblings and their friend carried out £18k crash for cash scheme where the victim was a pregnant woman

Brightside sues pi insurers

Rob Terry seeking £14.7m as he looks to sue Watchstone

Terry and Watchstone are already in a High Court battle, but Terry says his former employer “made false representations” over an oral indemnity

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