Fraud – Page 4
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News
Opportunistic insurance fraud cases surge amid cost of living pressures
’Honest customers rightly expect insurers to clamp down on insurance fraud,’ says head of fraud and financial crime
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News Analysis
Ghost broking poses ‘massive’ reputational risk to insurance sector
‘Doing more of the same’ isn’t working to tackle the issue, says head of counter fraud
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News
Insurance Fraud Bureau can be ‘bigger and better than before’ with new strategy
’We can broaden our reach to help protect every insurer and their customers,’ says head of intelligence
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News
Zurich UK prevents more than £70m worth of fraudulent claims in 2022
’Turning to crime is never the answer,’ says detective chief inspector
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News Analysis
Cost of living crisis may drive ‘dishonest customers’ to opportunistic fraud – Ifed
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses the impacts of the cost of living crisis on opportunistic fraud
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News
Ghost broker threat will require rethink on efforts to combat fraud – Markerstudy
‘We fully expect we will see an increase in fraud in the coming year,’ says head of counter fraud
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News
LV=GI reports 60% year-on-year uptick in crash for cash linked personal injury claims
The increase in these claims stem from roads into Scotland, where the UK’s whiplash reform regulation does not apply, says the insurer
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News
Ecclesiastical detected over 130 fraudulent claims in 2022
Continuing to pursue untrue claims is ‘vitally important’ for keeping customers’ premium costs down, says claims director
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Sponsored Content
Cost of living crisis is impacting insurance fraud – Carpenters Group
Donna Scully, director of Carpenters Group, explains how high cost of living expenses in the UK is affecting opportunistic and application fraud in the insurance sector
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News
Customers’ short-term decision-making due to cost of living ‘should be a concern’ for sector
Insurer’s UKGI chief executive thinks equipping brokers with ‘the tools to have the right conversation with their clients’ is key to preventing SME underinsurance
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News Analysis
Cannabis: A growing insurance problem
Tenants using residential rental properties ‘for the harvest of drug crops’ are ‘the biggest threat to private landlords’ – brokers and insurers must have this risk on their radar to combat rising claims
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News Analysis
Briefing: Cost of living crisis causing spike in accidental damage claims
The propensity for homeowners to submit accidental damage claims has increased as household budgets have been squeezed – but the industry must be alive to opportunistic fraud risks
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News
Fraud experts warn of worrying rise in physiotherapist-driven ‘prognosis creep’ on OIC portal
The time needed for claimants to provide medical reports has increased in some cases, raising the risk of fraud
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News
Recession and cost of living crisis triggers ‘pandemic of fraud’ – Weightmans
Both financially vulnerable customers and organised criminals are behind the increase, says the firm
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News
Insurance fraud saw 11.2% uptick in 2022 – Allianz Commercial
The insurer’s head of counter fraud says at ’each economic downturn, insurers usually see fraud escalate’
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News Analysis
IFED is working to eliminate ‘blight’ of ghost brokers
Detective chief inspector Tom Hill, head of the City of London Police’s Insurance Fraud Enforcement Department, discusses how the unit has sought to tackle ghost broking
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News Analysis
Cost of fraud set to ‘snowball’ in 2023
Counter fraud experts say that the continuing cost of living crisis and economic turmoil in the UK will increase the danger of opportunistic fraud
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News Analysis
Briefing: Legislation sorely needed to help mitigate ‘six-figure’ e-scooter claims
However, with the onset of legislation, the potential for first and third party fraud could rise
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News Analysis
In Focus: Insurers must brace for property disrepair claims as CMCs’ interest is piqued
Counter fraud experts have seen cases where certain CMCs have encouraged vulnerable customers to pursue ‘exaggerated or unmeritorious claims’
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News Analysis
In Focus: How can the insurance sector demonstrate the downsides of opportunistic fraud to end consumers?
Industry experts discuss the impact of low level fraud on end consumers and how best to communicate the resultant ramifications