Fraud
IIL links up with CDL to fight fraud
CDL has confirmed that it is working with data provider Insurance Initiatives Limited (IIL) to launch an enriched data service, designed to aid accurate policy pricing by verifying consumer data.
Lloyd's backs ABI on compensation culture
Lloyd’s has announced its support for the Association of British Insurers’ (ABI) report on Tackling the Compensation Culture and warned that Britain should avoid going down the same path as the US.
ABI calls for end to compensation culture
The Association of British Insurers (ABI) has called for reform of Britain’s compensation culture laws claiming that UK consumers pay £2.7m a day to claimant lawyers through their motor insurance premiums.
Top three crash for cash hotspots maintain position in Q2
The Insurance Fraud Bureau (IFB) has released its second quarter 2011 statistics pinpointing the top 20 areas of the UK affected by crash for cash activity.
Aviva fraudster jailed after pocketing staff bonuses
The head of key accounts management at Aviva’s York offices has been jailed for expenses fraud.
The jury's out on how much riots will hurt the insurance industry
With the estimated riot costs now standing at £750m, insurance experts are in conflict over how much the violent events which have dogged London, Liverpool, Birmingham and Bristol will damage the insurance industry.
What the Papers Say - August 2011
In this month's What the Papers say, senior reporter at Insurance Age Liz McMahon, is joined by fellow senior reporter Emmanuel Kenning to discuss the latest top topics in insurance with principal of Bellingham Communications Ben Welsh.
Groupama calls for major market correction as commercial revenues drop
Groupama has revealed a 34% increase in profits before tax and amorisation to £18.5m (H1 2010: £13.7m) for its combined UK operations in the first six months of 2011.
ABI figures reveal 9% rise in fraud
The level of insurance fraud detected has more than doubled over the past five years, according to figures released by the Association of British Insurers (ABI).
National insurance fraud register launched
The Association of British Insurers (ABI) has provided further detail on the national insurance fraud register to be fully operational by early 2012.
Fraud register gets go-ahead from ABI
The Association of British Insurers (ABI) has approved the Insurance Fraud Register and agreed to an industry-funded police unit dedicated to tackling organised crime.
Lack of resources could hinder Bribery Act
As the 2010 Bribery Act comes into force on the 1 July, anti-corruption watchdog Transparency International UK has warned that its enforcement could be undermined by a lack of resource.
Axa turns its back on referral fees
Axa has made the decision to no longer accept referral fees from personal injury lawyers and has called for whiplash injury reform to eliminate fraud within the industry.
Divided broker sentiment on Indy's fall from grace
As we mark the 10th anniversary of Independent going pop, two brokers divulge their personal and rather different experiences with the insurer.
Brokers warn that lessons not learnt from Independent
On the tenth anniversary of the demise of Independent Insurance brokers have expressed their fears that the insurance industry has not learnt from the insurer’s collapse.
Independent 10 years on - the second broker instalment
In our continuing coverage of broker reflection on the fall of Independent Insurance, Bluefin’s Stuart Reid and Tim Ryan of Ryan Insurance share their thoughts.
Independent 10 years on - the broker response
Ahead of the tenth anniversary of Independent Insurance going bust Insurance Age has canvassed opinion in the broker market asking what impact it had and whether the industry has learnt any lessons.
Brokers declare support for central database of fraudsters
The vast majority of brokers feel penalties for insurance fraud should be higher and a central database of fraudsters, used at point of sale, would help to deter fraud according to a survey by Groupama Insurances.
Broking success: Training to gain
Emmanuel Kenning speaks with a profitable, debt free start-up motor broker that is writing more than £50m a year, targeting 250,000 policies within 18 months and focusing on staff training and development
View from the summit
From recession to combating fraud, the Broker Summit provided much food for thought, writes Emmanuel Kenning
Management: extra protection
Managing risks for our customers plays a pivotal part in developing strong, long-term relationships, argues Ashwin Mistry, and the process will also drive sustained profitability for brokers and clients
Police fraud investigation results in eight convictions
A total of five men and three women, from across the UK, have been convicted at Leicester Crown Court for their part in a car insurance fraud scam worth tens of thousands of pounds.
Brokers favour tighter home claims checks, according to Axa
Over one third of brokers (38%) said they believed people were more likely to exaggerate a claim than a year ago, according to research by Axa.
Five year fraud investigation results in 33 guilty pleas
A five year investigation by Bedfordshire Police into a major insurance fraud by an organised criminal enterprise based in Luton has concluded with three of the last four defendants being found guilty at Luton Crown Court.