High Five: Catch up on the biggest stories this week

No comments

Insurance Times rounds up the biggest stories of this week

Here are the biggest stories from Insurance Times this week.

Starting off the week, junior reporter Chantal Kapani spoke to Lloyd’s of London’s head of culture Mark Lomas about how his musical background led him into the insurance industry and his mission to change the sector.

Mark Lomas: Transforming Lloyd’s of London with a symphony of diversity and inclusion

Then, technology editor Clare Ruel spoke to Insurtech UK’s first chief executive Melissa Collett about her plans for the role. Collett, who took up the position earlier this month (8 September 2023), has the responsibility for maintaining and expanding relationships with stakeholders within both government and regulators.

Melissa Collett: ‘We want to be the voice of the UK insurtech community’

Following this, The City of London Police’s Insurance Fraud Enforcement Division detective chief inspector Tom Hill submitted his quarterly thoughts on insurance fraud. He said fraud accounted for 41% of estimated crime in the year ending March 2023 and it is believed that 89% of all fraud is cyber-enabled.

The inexorable growth of cyber-enabled fraud – Ifed

Later in the week, deputy news editor James Cowen highlighted the key talking points from Insurance Times’ latest Fraud Charter roundtable. Participants responded to accusations of “too little cross-industry cooperation” and whether the Insurance Fraud Taskforce should reconvene.