Fraud
208 whitepapers and resources
Fraud
Surge in synthetic ID and Al fraud threatens UK insurance
The UK insurance sector continues to experience a surge in fraudulent activities, leading to significant losses for insurers. Oleg Zadalia, principal solutions consultant for LexisNexis Risk Solutions, explores the most critical findings from the Insurance Post Fraud Survey Report 2023.
Insurance fraud: Survey reveals impact of economic downturn
Insurance fraud is a growing problem in troubled times. To find out more about the current fraud landscape, Insurance Post collaborated with LexisNexis Risk Solutions to conduct its annual fraud survey. This report highlights the key findings and how insurers can stay one step ahead of fraudsters.
AI in insurance: Potential risks and benefits
As insurers strive to stay ahead of fraudsters, artificial intelligence is emerging as a formidable weapon. This content sheds light on the profound impact AI is having on the insurance industry, leveraging AI for accurate risk assessment and fraud detection, as well as AI risks for insurers.
Escape of water fraud - hiding in plain sight?
The great freeze at the turn of the year saw a huge rise in fraudulent escape of water claims, particularly from unoccupied properties. This content sheds light on the link between surge events and EOW fraud, before highlighting steps insurers can take to mitigate the risk of future surge events.
Insurance Taskmaster: Detecting motor fraud in and around Euro 96 (1996)
In this episode, the contestants wake up and it is the summer of 1996. They are on the front line, combatting the burgeoning issue of insurance fraud. The contestants face a race against time to investigate whether a motor claimant is just plain unlucky or involved in something more sinister.
Mitigating the impacts of economic uncertainty using artificial intelligence
Insurers are not immune to the conditions driving uncertainty in our economy. They can, however, take real steps to ensure their business is protected from many of those risks. This content highlights how insurers can leverage artificial intelligence to mitigate the impacts of economic uncertainty.
Customer story: AXA Switzerland is detecting fraudulent claims in real-time using AI
AXA Switzerland needed a solution that could ensure a fast and easy claims process while stopping fraud, a challenging combination. This case study focuses on how AXA Switzerland leveraged Shift Claims Fraud Detection, to detect fraudulent claims in real-time using AI.
CUE: How to boost fraud prevention
Since 1994, the Claims and Underwriting Exchange (CUE) has helped insurers verify an individual’s household, motor or personal injury claims history. This content sheds light on how insurers can maximise the power of CUE to help combat fraud.
Power of the collective: The rise of insurance associations
Insurance fraud is now seen as a collective industry problem, resulting in the formation of associations dedicated to harnessing the global power of insurance data and analytics. This content highlights how the UK’s IFB and Canada’s Équité Association are protecting members from insurance fraud.
A broker’s guide to funds transfer fraud and why your clients need to insure it
Funds transfer fraud (FTF) is a particularly tricky form of cyber crime, often stemming from phishing or business email compromise (BEC). This online guide provides brokers with an in-depth breakdown of what FTF is, how it can impact your clients, and how cyber insurance can help.