Fraud Analysis
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News AnalysisOpinion: UK G20 presidency must be lever to mitigate international fraud
Fraudsters are exploiting siloed country fraud strategies to cash in on criminal activity, aided by the cross-border reach of artificial intelligence. Nations need to get on the same page – and fast
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News AnalysisBriefing: Pet and equine insurance fraud becoming a market sustainability challenge
Sharon Brown, founder and chief executive at the Pet and Equine Insurance Association (Peia) discusses the need for a market reaction to the growing threat of fraud
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News AnalysisThe growing problem of AI-enabled synthetic claims fraud
The evolving capabilities of AI tools are changing the nature of insurance fraud, and, as one expert tells Insurance Times, redefining the ’speed and ease with which fraudsters can find, create or amend digital evidence’
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News AnalysisBriefing: Ifed is taking the fight to travel insurance fraudsters
City of London Police’s Insurance Fraud Enforcement Department head Nik Jethwa describes the force’s efforts to tackle criminality targeting travel insurers
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News AnalysisCould travel disruption arising from the Middle East conflict trigger a rise in opportunistic fraud?
With flight disruption escalating after Middle East airspace closures, an intelligence consultant warns that this marks an imminent ’threat of fraudulent claims against travel policies’
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News AnalysisInsurance fraud sector exemplifies the ‘good and bad uses of AI’
’Fraudsters are using AI in the same way that we are looking to use it within our organisations, such as for reconnaissance, target identification and research – the world of AI fraud is moving very quickly and is going to be a challenge for us,’ says director
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News AnalysisBriefing: Operation Henhouse puts the fox among the fraudster chickens
Marek Coghill, detective inspector at the City of London Police’s Insurance Fraud Enforcement Department, details the unit’s latest intensification activity against ghost broking
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News AnalysisFresh faces, fresh thinking: Counter fraud leaders call for recruitment overhaul
‘We don’t start people there as apprentices or let them learn from the bottom up – and that’s probably a thing that could be done,’ says director
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News AnalysisIn Focus: Ghost portals ‘fool every police officer’ as new fraud trend undermines frontline policing
A fast-growing fraud trend involving fake insurer portals designed to deceive frontline police officers prompted fresh concern among counter fraud leaders attending latest quarterly roundtable
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News AnalysisBriefing: Can the insurance sector take a leap of faith to deliver fraud strategy?
The insurance industry has always been extremely reluctant to share data, creating a challenge for the IFB’s bold new strategy
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News AnalysisBriefing: A day in the life of a new Ifed detective after graduate scheme success
Michelle Schlichter, detective constable at the City of London Police’s Insurance Fraud Enforcement Department, details her career journey so far and what an average day on the job looks like battling insurance fraud
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News AnalysisInsurance sector ‘could become vulnerable’ following new fraud rules
’Insurers or any of the organisations that fall into scope need to ensure that any suppliers or agents likely to act on their behalf have the relevant controls and processes in place to mitigate the risk,’ says head of fraud
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News AnalysisInsurers warn directors as ‘failure to prevent fraud’ offence comes into force
’The direct scope of the offence applies only to the very largest companies, but the ripple effects will be felt throughout supply chains, bringing smaller businesses into scope as associated persons,’ says underwriter
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News AnalysisIs influencer insurance the next must-follow for protecting content creators?
‘Most influencers and content creators are really underinsured – if they’re insured at all,’ says commercial account executive
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News AnalysisMapped out: How data is helping insurers navigate risky postcodes
Improved data models could prove vital in dismissing postcode generalisations and providing a more granular basis for underwriting
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News AnalysisOpinion: Are brokers ducking ‘responsibility’ to tackle insurance fraud?
Insurer counter fraud expert calls out commercial brokers on lack of engagement in dealing with insurance fraud, emphasising that regulatory action may be the best way of inspiring greater anti-fraud collaboration
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News AnalysisBriefing: Striking at the heart of ghost broking by targeting illicit finance
The City of London Police’s Insurance Fraud Enforcement Department head, Nik Jethwa, explains how the unit is striving to make ghost broking an unprofitable business model
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News AnalysisSector must take counter fraud messaging and education ‘to another level’
Much more work is needed to truly educate the public on the dangers of insurance fraud – and Fraud Charter attendees agreed that this had to be collaborative
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News AnalysisBriefing: Ifed showcases suite of enforcement tools and partnerships in fight against fraud
City of London Police’s Insurance Fraud Enforcement Department has appointed a new detective chief inspector – he explains the unit’s activities in Q1 and how collaboration is already working to stamp out insurance fraud
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News AnalysisOpinion: Opportunistic fraud is thorn in sector’s side
Processes combating criminal insurance fraud are working well, according to industry experts, but opportunistic fraud is much more problematic due to its roots in genuine claims and policy applications
