Fraud
208 whitepapers and resources
Fraud
Are we looking at fraud wrong? And is AI to the rescue?
Fraud has long been a scourge of the insurance industry, with £1.1bn of fraud still going undetected. This article explores whether AI could be an avenue to revolutionise fraud and the way the industry can approach it.
How struggling consumers are committing one-off frauds
With fraudulent claims adding £50 every year to the total cost of household insurance, this article explains how the growing number of policyholders feeling the pinch is resulting in exaggerated claims.
Fraud Spotlight: Working together to prevent insurance fraud
The fight against insurance fraud is a complex and multifaceted challenge that requires a concerted effort across the market. This article highlights the barriers to effective collaboration and how disparate elements can be aligned to create an effective market-wide fraud prevention strategy.
Fraud Spotlight: ID fraud now hardest to spot, say insurance leaders
Identity fraud was named as the fraud typology most difficult to detect, according to the 2024 Insurance Post Fraud Survey sponsored by LexisNexis Risk Solutions. This article highlights the fraud typologies insurers are finding most difficult to identify and the rise of synthetic ID fraud.
Fraud Spotlight: Insurers face ‘cat-and-mouse’ with fraudsters
There has been a marked increase in opportunistic claims fraud, according to the Insurance Post Fraud Survey 2024 conducted in association with LexisNexis Risk Solutions. Featuring input from Ageas, Aviva and QBE, this spotlight sheds light on the latest insurance fraud trends.
Insurance must prepare for a rise in deepfake AI fraud
In this article, Scott Clayton, Zurich’s head of fraud, shares how rapidly developing technology and digital manipulation threatens to put additional pressure on claims handlers, as deception becomes harder to spot.
AI insights unveiled: UK insurance leaders navigate the 2024 regulatory maze
Mind Foundry hosted workshops at the Insurance Post AI Summit to explore AI usage, challenges, and collaboration in the insurance sector. This report shares insights from nearly 40 UK insurance leaders in claims, fraud, pricing, and data science, guiding you to navigate the AI landscape effectively.
How AI is improving pet insurance claims
This article investigates the practical application of artificial intelligence for pet insurance claims.
How holograms and synthetic IDs are transforming fraud
In this article, Joe Stephenson, director of digital intelligence at insurtech Intertel considers the future of insurance fraud, and how holograms in the courtroom could help catch more criminals.
Why AI is a critical requirement for an insurer
In this article, Patrick Hayward, consultant at Altus Consulting, explains why artificial intelligence will become a critical requirement rather than a nice-to-have for an insurer.