Emerging Risk

CFC Launches Comprehensive Fintech Insurance Product

Specialist insurance provider, CFC, has launched its first insurance solution for financial institutions. CFC’s Investment Management Insurance (IMI) policy is the first in a suite of products designed to address the challenging risk environment faced […]

Emerging Risk

Dixons Carphone Warehouse Data Breach Highlights Risks For Insurance Sector

The news that the Dixons Carphone Warehpuse group suffered a data breach involving almost 6 million accounts highlights the huge risks in the growing cyber insurance sector. Although Dixons-Carphone (DC) say that no fraud has […]

Big Data

AIG Research Finds New GDPR Rules May Cause Spike in Cyber Claims

AIG Europe research found that a further surge in data breach and other security failure insurance claims is expected after the EU General Data Protection Regulations (GDPR) come into force this week. A record breaking year […]

Fraud

Insurance Fraud: Clyde & Co Find Way to Dismiss Potentially Bogus Claims

Clyde & Co’s specialist fraud team has pioneered a new process with the insurance industry which capitalises on the previously little-utilised Section 57 of the Criminal Justice Act to ensure exaggerated personal injury claims are […]

News on travel insurance UK rules set to change soon
Fraud

Computer Says No: Over 2,000 Fake Holiday Sickness Claims Thrown Out

A few years ago crash-for-cash seemed to be the scam of choice, but as technology like dashcams, telematics and automated scanning of people’s social media and Google history has become the norm, many dubious claimants […]

Fraud

Opinion: Tackling Smartphone Insurance Fraud

In this Opinion piece, Toby Stubbington, Managing Director of loveit coverit, looks at the latest techniques in fighting fraudulent mobile phone claims. With modern handsets like the iPhone X, Blackphone and Samsung Galaxy S9 all […]

Fraud

Ghost Broker Jailed for £321,000 Insurance Scam

On Wednesday (11 April 2018), a man was jailed for attempting to steal over £321,000 by selling 21 fake car insurance policies and making 18 fraudulent motor insurance claims for fictional car accidents. Following an […]

Fraud

`Steak’ Your Claim Sir? Not if You’re Using Injury Photos from You Tube

Latest anti-fraud news from the IFED: A man was sentenced to 8 months, suspended for 2 years, for fraud by false representation at Bradford Crown Court on Wednesday 11 April 2018 after pleading guilty on […]