Fraud
202 whitepapers and resources
Fraud
Roundtable: Staying ahead of insurance fraud
At a recent roundtable discussion, hosted by Insurance Post in association with LexisNexis Risk Solutions, an expert panel discussed the trends insurers are seeing around fraud, and the solutions firms are deploying to keep up with the increasingly sophisticated criminal activity.
Allianz’s Fletcher on fraud prevention in the age of technology
While technological advancements bring tremendous opportunities and benefits, they also present new challenges, particularly in our sector and role of insurance fraud prevention. This article explores why prevention is better than a cure when it comes to combating fraudulent activity.
AI transformation: Unveiling its generative power with Microsoft and OpenAI
Insurtech has been revolutionised by advancements in AI technology, especially, Gen AI, which continues to transform underwriting, customer service and fraud detection. This podcast examines Microsoft’s partnership with OpenAI and how it continues to move Gen AI and its applications forward.
Transforming insurance: Strategic budgeting for a digital-first future
The insurance industry is at a pivotal moment where digital transformation is no longer a choice but a necessity. So, how do you decide what to prioritise in next year’s budget to accelerate your journey into a data-driven P&C insurance organisation? Read this content to find out more.
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.