Power hour: Battling fraud together
As more fraudulent behaviour creeps from personal lines into the commercial space, brokers and insurers need to work closely together to tackle the problem, according to our expert panel
What is the situation around fraud in the commercial space?
▶ Paul: Over the last few years there’s been a lot of focus elsewhere within fraud, motor in particular, but fraudsters, when they’re organised, are moving into different areas. It’s very much an evolving situation.
▶ Peter: The major issue is knowing what level of fraud there is. If you’ve got any meaningful stats that would be lovely.
▶ Laura: I don’t think that the industry as a whole actually record fraud in general as well as they
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Commercial
Biba Conference 2024 countdown: Crawford & Company’s Emma Parr
Emma Parr, chief client officer, UK & Ireland at Crawford & Company, will be donning her white trainers, talking claims technology, and catching up with Olympian Derek Redmond at her reception event.
Transparency, team and targets – Zurich boss David Nichols ready to meet and greet brokers at Biba
One year on from his first British Insurance Brokers’ Association conference in the Zurich hotseat, UK head of retail David Nichols shares his key messages for brokers ahead of the upcoming event in Manchester.
TBIG increases stake in Hathaway & Cope to 75%
The Broker Investment Group has increased its ownership of Hathaway & Cope, a managing general agent with delegated authority, to 75%.
Aurora launches policy in partnership with Axa
Managing general agent Aurora has launched its second specialist offering, a management liability policy in partnership with Axa.
Biba Conference 2024 countdown: Sedgwick’s Mark Gilbert
Mark Gilbert, strategic client director and head of corporate at Sedgwick, teases a shaken, not stirred surprise on its stand, reminisces about playing Steve Davis at pool and describes Biba as the Crufts for insurance.
Broker Insights launches AI-enabled Propensity Lens
Broker Insights has unveiled a product designed to improve efficiency for insurers by helping to predict the possibility they will win business.
Video Q&A: Close Brothers Premium Finance MD Shaun Hooper
Following a recent survey of commercial brokers, Close Brothers Premium Finance managing director Shaun Hooper dissects the findings and offers insights into what his firm is doing to help intermediary clients avoid underinsurance.
Biba Conference 2024 countdown: Charles Taylor’s James Savill
James Savill, head of UK claims management at Charles Taylor, outlines how he tackles Biba like Disney World and that come the end of the evening, all roads usually lead to a curry house.
Most read
- Cost-of-living crisis pushes up premium finance demand
- Ardonagh strikes A$2.3bn PSC deal
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper