Fraud Analysis
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News AnalysisUptick in fraudulent tinnitus claims is ‘an inherent, major issue’ for motor insurers
With tinnitus injuries attracting anything up to £90,000 in claim payouts, squashing fraud in this area is vitally important in protecting both policyholder and insurer purse strings
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News AnalysisPet insurance sector can’t afford to let sleeping dogs lie where fraud risk is concerned
While the UK pet insurance market has grown rapidly in recent years, its ability to detect and combat fraud has not caught up – with the size of this problem not yet known
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News AnalysisBriefing: Sector must do more to protect SMEs from cyber bullies
Simply waving a digital warning flag is not enough – the insurance industry must take more proactive steps to support SMEs with cyber protection
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News AnalysisBriefing: Ifed adopts a partnership approach to moped crash for cash scams
Detective inspector Marek Coghill of the City of London Police’s Insurance Fraud Enforcement Department outlines how the unit is seeking to disrupt moped linked staged collisions
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News AnalysisBriefing: ‘Commercial fraud is a massive problem’ flying under the industry’s radar
Insurers are ‘shocked’ by the level of commercial linked fraud they are uncovering, says law firm partner
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News AnalysisOpinion: Personal motor market continues to be messy
With 28% of UK motorists committing application fraud, can motor insurance customers really blame insurers when claims aren’t paid out?
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News AnalysisBriefing: How has Ifed evolved its approach to online ghost brokers?
Detective inspector Simon Klust, deputy head of the City of London Police’s Insurance Fraud Enforcement Department, explains how the police unit has changed tack to reduce reoffending
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News AnalysisTackling opportunistic fraud requires ‘a measured approach’
Experts at March’s Fraud Charter event discussed the appropriate response to the shifting profiles of those carrying out fraud
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News AnalysisBriefing: Commercial brokers are ‘very naïve’ about insurance fraud
Counter fraud experts question how commercial brokers are being trained to spot insurance fraud
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News AnalysisBriefing: Partnership working to raise awareness of insurance fraud
’Publicising work and successes is an important part of our strategy’, says Ifed’s detective chief inspector
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News AnalysisIn Focus: Metadata knowledge key as scammers turn to AI for motor damage fraud
’That has been quite a big change in the motor landscape,’ says fraud risk and technical manager
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News AnalysisIn Focus: How are insurers balancing the use of technology with the human element in fraud prevention?
Insurance Times asks industry experts how insurers are using advanced technologies and human experts to combat fraud
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News AnalysisThe Big Question November 2023: What is the strangest misconception you’ve heard about insurance?
Seven industry leaders discuss the likes of broker role misunderstandings, the outlook from younger people and innovation over reputation
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News AnalysisOpinion: Can you afford to not compete?
Acting editor Yiannis Kotoulas discusses the increased attention on competitiveness within the insurance industry
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News AnalysisCounter-fraud sector responds to accusations of ‘too little cross-industry co-operation’
During Insurance Times’ latest Fraud Charter event, participants also discussed whether the Insurance Fraud Taskforce should reconvene
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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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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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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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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
