The fight goes on
While the industry has tightened its grip on fraud, there is still a lot left to do, explains Phil Bird
The detection of a fraudster making a claim is now common place. Arrests, criminal convictions and the launch of the Insurance Fraud Enforcement Department (IFED) are sending a clear message to fraudsters that the industry is tightening its grip.
However, with the cost of organised fraud currently at £400m a year, there is still more to be done to protect the premiums of policyholders from the impact of fraud.
The industry is turning its attention to the front line where tools and techniques are
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
JMG adds SafeSchool to risk management portfolio
JMG Group has bought specialist education-focused health and safety consultancy SafeSchool.
End of Year Review 2025: Direct Commercial’s Joe Hantson
Joe Hantson, deputy CEO at Direct Commercial Limited, notes the amount of senior underwriting talent moving from traditional carriers into MGA models over the last 12 months and expects more consolidation among MGAs and insurtechs in 2026.
Ageas and Saga partnership goes live with motor, home to follow
Ageas UK and Saga have launched their 20 year Affinity Partnership, opening with motor new business with home to follow in the first quarter of 2026.
End of Year Review 2025: Liiba’s Chris Croft
Chris Croft, the CEO of the London & International Insurance Brokers’ Association, describes the UK government’s financial services strategy as “depressingly insurer focused” and imagines an AI persona with a 1986 style perm in honour of footballer Charlie Nicholas.
End of Year Review 2025: Alps’ Michelle O’Reilly
Michelle O’Reilly, managing director at Alps, expresses disappointment that whilst some parts of the market have talked a good game on innovation and customer care, they have not followed through; and predicts 2026 could be the year the Financial Conduct Authority steps in with tougher measures on home insurance claim declinatures.
Have your say: Shape the future of Insurance Age
Insurance Age is inviting you to help shape its future by taking part in a short readership survey.
MyFirst partners with Howden for young driver service
Howden has joined forces with MyFirst as its young driver partner to provide a “tailored service" across its local UK branches.
Howden replaces Douglas as climate and resilience lead with new impact officer
Howden has appointed Nick Stace OBE to the newly created role of chief global impact officer.