Fraud
Opinion - accident management: a case of double standards
Clare Ryder tackles two topics that have been the subject of debate recently - deskilling and insurer use of accident management
Products/schemes: MFL scheme eases PI struggle for surveryors
McParland Finn (MFL) has launched a professional indemnity (PI) insurance scheme for Central Association of Agricultural Valuers (CAAV) member practices.
Four arrested in latest coup for fight against fraud
Four men have been arrested as part of Operation Sledgehammer, an investigation into organised crime in the North-east region.
E-commerce: Commercial market struggles to meet fraud prevention demand
As the capacity for online small to medium-sized enterprise (SME) trading increases, the commercial insurance market continues to lag behind in fraud prevention, according to APC underwriting director, Ian Russell.
Agenda: KIC 2010 results and 2011 outlook
Letter to president Petrov Arverbeyev Kazakhstan Insurance Company
Your opinions: Brokers needed in fight against fraud
Insurance age welcomes your opinions via email, Linked In, the Broker Forum, Twitter and good old-fashioned letters. Send your views to Martin Friel, editor, Insurance Age, VNU House, 32 – 34 Broadwick Street, London, W1A 2HG or email him, martin.friel…
News review: January 2011
Groupama announced its plans to transfer the Liverpool and Glasgow-based commercial motor accounts of broker Choice Quote to its sister business Bollington, as part of a restructure of its GUK Broking Services arm.
Fraud costs UK over £38bn each year, according to NFA report
The National Fraud Authority (NFA) has reported that fraud costs the UK over £38bn a year with insurance fraud accounting for £2.1bn.
Over half of motorists would not rule out 'fronting'
Thousands of motorists are putting their cover at risk and driving illegally by knowingly giving false information or failing to disclose important facts, according to a survey by Association of British Insurers (ABI).
Groupama appoints IFB analyst as counter fraud investigator
Groupama Insurances has appointed Marc Yeates in the role of counter fraud claims advisor.
FSA fines and bans broker for part in fraud scheme
The Financial Services Authority (FSA) has fined an intermediary £25,000 and banned him from working in regulated financial services for his part in a scheme that defrauded insurers of more than £2m.
Number of fraudulent household insurance claims eclipsing motor, warns ABI
Home insurance is now the number one target for insurance fraudsters according to the Association of British Insurers (ABI).
Interview: In perfect focus
With sharp intelligence, good humour and unique perspective, industry consultant Clare Ryder shares her thoughts with Martin Friel about where the market has been and where it needs to go next.
News review: November 2010
IAG UK-owned broker Barnett & Barnett almost doubled its size to £50m gross written premium, with a move for a controlling stake in Bromley-based commercial and personal lines specialist NBJ.
'Ghost brokers' charged with motor insurance fraud
Three individuals - a man and woman from Kent and a man from west London - have been charged with motor insurance fraud, tax fraud and money laundering with offences totalling £500,000.
Management clinic - regulation: Conditional compliance
A number of our procedures are not compliant but I see little value in doing anything about it now because the Financial Services Authority will soon be gone. What is the point?
The PB Interview - Laurent Matras: Through the storm
Laurent Matras, managing director at Groupama Insurances, tells Andrew Tjaardstra about the state of the insurance market and how he is working closely with brokers to give his firm a competitive advantage.
News round-up: Business continuity
According to research from the Business Continuity Institute on behalf of the Chartered Insurance Institute, insurance professionals need a more consistent message when promoting the benefits of business continuity plans.
Viewpoint: Time to put things right
With poor motor results continuously dismissed as being due to external factors, David Vine asks why insurers choose to ignore the evidence that would enable accurate pricing and, in turn, profit.
Aggregators are criticised for their poor online security
Price comparison sites Confused.com and Comparethemarket.com have been accused of leaving the door open to criminals by sacrificing security in favour of ease of use.
News review: October
The founder and chairman of direct insurer Esure, Peter Wood, revealed that 2014 would be the earliest date that the company would launch an initial public offering.
UK personal motor market to remain unprofitable for further five years
The UK personal motor market will remain unprofitable until at least 2015, according to a new survey of leading UK insurers by Towers Watson.
Broker's balatant misuse of client money leads to FSA lifetime ban
The Financial Services Authority (FSA) slapped a lifetime ban on broker David Marriott after he used clients' funds to support his businesses and to finance bonuses, salary increases and new cars.
BLG expands following purchase of Halliwells' insurance arm
Due to the Halliwells acquisition, Barlow Lyde & Gilbert (BLG) has occupied a further four floors of its existing premises in Chancery Place, Manchester.