Data is everywhere today and Artificial Intelligence is changing the way that data is being used to calculate risk, detect fraud and speed up the claims process. Here’s some insight into how valuable data is […]
The internet of things brings new opportunities for the insurance industry to assess risk, price more accurately and detect more fraud, but it also gives fraudsters new creative ways to commit fraud against us. Leading […]
Dealing with fraud is a top priority for the UK insurance sector, with an estimated 350 fraudulent claims a day, costing £1.3 billion – according to an Experian report in 2016. Recently the sector has […]
THE HEAD OF one of the UK’s largest police forces has invited insurers to help and invest in combating fraud and other criminal activity.
In a speech to the Insurance Institute of Manchester, Peter Fahy, chief constable of Greater Manchester Police indicated his support for the idea of law enforcement working more closely with the private sector and ‘outsourcing’ certain services.
“We’ve got to save £138m from our budget,” said Mr Fahy. “We are saving insurance industry money [through our investigations of crash for cash, fraud etc] is there no way we can’t work together more?” […]
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