In-depth - technology: The frontline in the fight against fraud
Brokers play a critical role in detecting fraud. Sam Barrett investigates how technology and collaboration are helping in the fight
This month’s In-depth is sponsored by LV Broker
An insurance fraud is detected every minute in the UK according to the latest figures from the Association of British Insurers (ABI). But, while the industry spends around £250m a year fighting the fraudsters, collaboration is key to stamping it out.
Although it’s an industry-wide issue, Nick Benham, head of customer services at the Insurance Fraud Bureau (IFB), says that brokers have a pivotal role to play.
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