Fraud – Page 3
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News AnalysisThe inexorable growth of cyber-enabled fraud – Ifed
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses the rise of digital fraudsters
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News AnalysisBriefing: Could R&D tax credit error and fraud be the next PPI scandal?
R&D tax relief is supposed to help insurtechs, startup brokers and SMEs claw back costs invested in innovation, but this initiative has been ’abused’ to some extent
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NewsAllianz Commercial stops nearly £40m worth of fraud in H1 2023
The insurer has also revealed the types of scams it has had to stop in the first six months of the year
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NewsInsurers warned of ‘too little cross-industry co-operation’ over tackling fraud
’Too many players view fraud knowledge as a source of competitive advantage,’ says executive director
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NewsFraudster who tried to scam two insurers sentenced
’The case emphasises the close and continued working of the fraud teams,’ says head of counter fraud
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NewsFraud cases in 2022 driven by motor insurance scams
’The insurance industry cannot afford to take its foot off the pedal when it comes to uncovering and disrupting fraudsters,’ says chief inspector
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News AnalysisChief executive impersonation fraud rises during economic downturn and AI explosion
The increasing use of artificial intelligence has made impersonation fraud more accessible, against the backdrop of inflation and economic uncertainty
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NewsLaura Horrocks: ’Honoured to represent women’ in the insurance technology sector
’The technology landscape is constantly changing,’ says head of fraud technology and intelligence
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NewsGovernment sets out plans to ban cold calls for financial products
’This will stop the fraudsters dead in their tracks,’ says economic secretary to the treasury
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News AnalysisBriefing: Vesttoo fallout could spur ‘weakening in market confidence’ over LOCs
Letters of credit are used increasingly in the insurance market as collateral, but could the latest incident lead to more rigour being applied to ensure validity?
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NewsMoney-laundering fraudster acting as ghost broker pocketed over £300,000
Detective constable says fraudster ’had no regard for others’
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NewsAllianz Trade launches new cover to tackle rise in employee fraud
’Post pandemic economic uncertainty means businesses face a heightened risk of internal and external fraud,’ says chief executive
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NewsAviva and DACB find fraudsters are shifting approach to obstruct claims process
’The nature of fraud is changing,’ says head of claims counter fraud
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News AnalysisBriefing: Fraudsters have turned to more dangerous crash for cash scheme
Brokers and their clients have now been issued with a new warning amid a sharp rise in the new style of crash for cash scheme
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NewsBroker and law firm prevent over 1,000 fraudulent motor claims with ‘cradle-to-grave’ approach
’Finding new ways to beat the fraudster is not always about new systems or IT,’ says partner
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NewsWarning as bogus insurance claims rise
’Turning to crime to make some quick cash is never the answer,’ says detective chief inspector
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News AnalysisGhost broking case highlights criminals still use cash despite digital advancements – Ifed
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses the clampdown on criminals networks continuing to use cash to cover their tracks
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NewsLaw firm highlights how facial recognition technology landed fraudster with £51,000 bill
’[This] effectively demolished the claimant’s case,’ says legal director
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News AnalysisMajority of consumers still lack awareness over ‘persistent threat’ of ghost brokers
Some ’99% of customers wouldn’t understand what a ghost broker is,’ says counter-fraud expert
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News‘Worrying’ shift in way fraud can be perpetrated
Experts discuss artificial intelligence during Insurance Times’ Fraud Charter
