Fraud and the Insurance Industry
In 2016, insurers detected 125,000 dishonest insurance claims valued at 1.3 billion pounds - according to the Association of British Insurers. But the insurance industry is fighting back. Earlier this year, Allianz announced they’d made record savings of nearly 63 million pounds in their battle against insurance fraud. So what tricks are fraudsters using and what is being done to prevent it? Nick Hewer discusses fraud and its implications with: Nick Kelsall, Fraud Manager at Allianz, Ben Fletcher, Director of the Insurance Fraud Bureau Jenny Hemmings, Group Risk & Compliance Director at the…
The skinny
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