Fraud
Hiscox launches compliance, fraud, and reputational risk cover
The features have been added to the provider’s existing Security Incident Response product.
Quizzical Questions: 22 March 2019
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Cifas reveals 27% increase in fraudulent claims
Service for fraud prevention has also developed a campaign to dissuade consumers from insurance fraud.
Axa staff sentenced for data theft
‘Wolf of Manchester’ case sees an employee and ex-employee of the insurer, along with two others who ran a claims management company, get suspended sentences for their roles in exploiting and selling customer data.
FCA sounds latest clone broker alarm
A warning has been published by the regulator about a clone of Protect Your Bubble, which provides gadget and jewellery insurance.
AI anti-fraud measures receive Government backing
The Government has earmarked £13m to develop professional services in the UK as it looks to tackle £3bn cost of insurance fraud.
Ghost broker jailed for two years
Scammer was sentenced after setting up fake companies and buying fraudulent fleet policies worth £60,000.
Igo4 on harnessing technology to fight fraud
Boss Matt Munro explains the broker’s success in using data to combat ghost broking and more.
Value of insurance frauds in court last year topped 2014-17 combined
Insurance frauds in court hit £17m in 2018, says KPMG.
Unauthorised broker targets customers on Instagram
The FCA has issued a warning that GLC Car Insurance is targeting consumers in the UK through the social media platform.
Insurers celebrate at Civil Liability Bill gaining Royal Assent
However the ABI noted that the “clock is now ticking” on the first review process into how the discount rate is determined.
Ghost brokers targeting the vulnerable through social media
The Insurance Fraud Bureau and The AA have warned of a sharp rise in fraudsters focusing on victims via sites like Twitter and Facebook.
Man jailed again after double insurance fraud
Fraudster took out fake insurance policies just weeks after he was released from prison for scamming 150 drivers.
FCA issues third insurance scam warning in three weeks
Regulator tells public to be “especially wary” of dealing with Youcompareinsurance.
Clone broker claimed to be from FCA, says Ellis David
The firm’s director stressed that he hoped the fraudsters are “prosecuted to the full extent of the law” now that the regulator is aware of the crime.
FCA warns on clone of Ellis David Insurance Brokers
The regulator advised on fraudsters using details of authorised companies to scam customers.
FCA issues another clone broker warning
Unicominsurance.net appears to have been taken down.
“Dangerous” fraudsters sentenced to 18 years after huge crash-for-cash scam
The criminal “mastermind” behind the multi-million pound cash-for-crash schemes is on the run and police are appealing for help to find him.
Quizzical questions: 28 September 2018
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FCA warns of clone firm Minsura Insurance
Car insurance fraudsters targeting people in the UK in online scam.
Dual reveals product offering protection from fraudulent house sales
Policy covers fraud, forgery or impersonation by a third party purporting to be the seller, buyer or owner of a property.
Podcast: Allianz’s Sarah Mallaby gives her view on five stories from the week
Mallaby discusses Marsh’s takeover of JLT, cyber issues in the market and insurance fraud.
Ex broker jailed for £140,000 fraud
Woman made 31 false claims, including that her daughter was a victim in the Manchester Arena terrorist attack.
FCA warns on clone of Direct Line’s UK Insurance
The genuine authorised firm does not sell to the public through the brand.