Underwriting Fraud Screening Closes the Gap That Claims-Only Checks Leave Open
684,800 fraudulent applications were stopped in the UK last year. Here’s how underwriting fraud screening closes the gap claims-only checks leave open.
Insurance Fraud Network Link Analysis: How It’s Changing the Way Organised Fraud Gets Caught
When a motor fraud referral lands in an SIU investigation queue, the instinct is to work it as a case. Review the claimant’s details, check the accident circumstances, look for indicators that do not add…
Building the Business Case: Why Fraud Detection Technology Pays for Itself
Fraud continues to weigh heavily on insurers, eroding profitability and undermining customer confidence. The Association of British Insurers reported that UK insurers uncovered £1 billion worth of fraudulent claims in 2023, with the average detected…
How to Combat Financial Crimes with the Help of Fraud Case Management
Financial crimes, encompassing activities like fraud, money laundering, and embezzlement, pose significant threats to the stability of financial institutions and the broader economy. In the first half of 2024 alone, fraudsters have stolen more than…
Significance of Data Analytics in Fraud Detection and Prevention
As technological advancements continue to flourish, so do cyber threats and fraudulent activities. As businesses lean towards digital platforms for their operations, the need for sophisticated fraud detection and prevention mechanisms has never been more…