The word from the FCA on this ongoing case; John Burford has pleaded guilty in a £1 million investment fraud case, following a prosecution brought by the Financial Conduct Authority (FCA). As sole director of […]
This piece is by Pragatee Dhakal, Director of Claims Solutions, CLARA Analytics New York has long been a battleground for fraud-related litigation, and recent lawsuits invoking the Racketeer Influenced and Corrupt Organizations (RICO) Act highlight […]
Clara Analytics shares its latest update: Machine Learning Models Detect Suspicious Claims Two Weeks Post-Filing – Well Ahead of Traditional Methods CLARA Analytics study on fraud detection in property and casualty insurance claims has […]
The latest from the IFB; Young drivers are encouraged to watch out for bogus car insurance deals being sold online by fraudsters known as ‘Ghost Brokers’, which are on-the-rise and can leave victims out of […]
This piece is by Truong Hoang Phuc, FPT Software Managing Director of Global Insurance & Finance, FPT Corporation Once associated primarily with gaming and entertainment, Extended Reality (XR) is now making inroads into one of […]
Fraud has always been an issue in the insurance industry, but the outlook for 2025 looks to be more turbulent, as spiralling consumer costs and advanced technologies brew the perfect storm. Here’s some analysis from […]
As most insurance brands know people under financial pressure can make errors, or fall prey to those who seek to lure them into get-rich-quick scams, fraud, data breaches etc. It’s a risk for any business, […]
Insurance fraud has surged, from exaggerated claims to false reporting, leading to significant financial losses. AI is revolutionising fraud prevention, providing smarter, faster solutions to combat this threat. This article examines AI’s impact on insurance […]
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