Marsh warns of heightened fraud and corruption risk exposure

It followed that many insurance policies addressing fraud risk have been based on a historical perception of the economic crime landscape, which could mean that many will be unable to fully respond to the consequences of the emerging innovations in fraud techniques.

Dean White, a managing director in the financial and professional practice at Marsh, explained: "The Fraud Act 2006 was a landmark piece of legislation, clarifying and updating the offences of fraud under UK law. Previously offences