Fraud

Friends: The One Where They Staged a Crash For Cash

The rise of “Crash for Cash” scams has been a growing problem over the past few years. Criminals orchestrating accidents, in order to fraudulently claim, cost the car insurance industry £336 million pounds each year, […]

Fraud

UK General Launches Personal Cyber Insurance Product

UK General Insurance, the Leeds-based specialist and niche personal lines insurance provider, is launching a new product, personal cyber protection insurance. The product, which has been developed in partnership with UK General’s capacity partner Munich […]

Fraud

BioCatch Secures a Further $30 Million in Funding Round

BioCatch, a global leader in behavioral biometrics, announced today that it has closed a $30 million financing round, cementing its growth plan and vision to redefine digital identity and enable renewed trust in online interactions. […]

InsureTech

Anti-Fraud News: WeSee To Compete at Pitch Palace 9.0

WeSee, the deep learning-based computer vision innovator that can detect suspicious behaviour, has been selected to participate in Pitch@Palace 9.0, the initiative founded by The Duke of York in 2014 as a platform to amplify […]

Artificial Intelligence

SmilePass Offers Biometric Checking Service for Insurance Sector

The battle against fraud never stops for the UK insurance industry, with our increasingly digital economy offering new ways for fraudsters to obtain cover using false details, make bogus claims or generate fake policy documents. […]

Household Insurance

Cheaper Insurance? Survey Finds Many Homeowners Willing to Bend the Truth

A detailed study of the home insurance market by LexisNexis Risk Solutions UK has underlined the need for home insurers to strengthen their validation processes and improve their customers’ experience by leveraging prefill at the […]

Fraud

Black Box Stops Insurance Fraudster in His Tracks

A fast food delivery driver from Merseyside concealed his true occupation and fraudulently purchased black box insurance coverage, courtesy of Coverbox, failing to take heed of the fact that the insurer did not cover delivery drivers. […]

Opinion

Opinion: Telematics Makes a Great Anti-Fraud Toolkit for Insurers

In this opinion piece, Adam Gooch from Insure Telematics Solutions offers some examples of how the `black box’ is evolving, and proving to be a useful tool in the fight against fraudulent claims. Car insurance […]