The scale of the fraud problem facing the insurance industry is clear in the most recent annual figures from the Association of British Insurers (ABI). However, the positive news is the high rate of detection, increasingly driven by insurers’ own tools and technologies.
Despite a general UK-wide slowdown in activity during the Covid-19 lockdown, fraudsters have remained active and even exploited the pandemic for their own gain. Challenging economic circumstances have created fresh opportunities for criminals looking to commit fraud through a variety of methods, some of which are examined in this article.
A BIBA brokers' guide to the insurance fraud landscape
Insurance fraud is a much-discussed topic and an ever-evolving crime. This guide looks at the opportunist nature of fraud during the Coronavirus pandemic and at trends in both criminal activity and fraud prevention.
The dangers of asbestos have long been known, although its use was not entirely banned in the UK until 1999. It became apparent over time that asbestos was extremely harmful to humans and that even now, there are over 5,000 asbestos-related disease deaths per year in the UK, of which around half are from the cancer mesothelioma.
Our Allianz expert James Tucker, Transformational Propositions Manager and Shanna Serrano, Transformational Propositions Consultant will explore what the Internet of Things is and how it can be utilised by businesses.
Nearly two million workers in the UK are at risk of developing hand arm vibration syndrome (HAVS), a debilitating, permanent condition caused by working with hand-held power tools. While it might not attract the same attention as other occupational diseases, it has the potential to be the next big area for insurance claims.
With the government fast-tracking trials of rental e-scooter schemes, it’s an exciting time for mobility. But, while there are plenty of positives associated with this form of transport, e-scooters also bring a new set of risks.
Cyber attacks are increasing in both complexity and frequency, with almost half of businesses (46%) suffering a cyber security breach or attack over the last twelve months. How can regulation help prevent these attacks?