Posted: 20 April 2021
Allianz’s organised fraud team tackled over £5.5m worth of fraud committed by organised crime operations, resulting in 10 operations being opened and three closed in 2020. The successful conclusion of Operation Overwatch saw eight claims repudiated, resulting in fraud savings of £115,000; furthermore the claimants’ solicitor was referred to the Solicitors Regulation Authority (SRA) for their involvement.
The casualty fraud detected in 2020 increased by more than £2m compared to 2019. Motor fraud remains prevalent and in 2020 Allianz pursued its first private prosecution case.
James Burge, head of counter fraud said:
“I am delighted that we reached such a significant amount in fraud detections and savings in 2020. We’ve taken proactive steps to improved collaboration over the past 12 months and these results demonstrate they are working. I’m very proud of our expert fraud teams – and everyone who plays a part in tackling fraud.
“During 2021, fraud detection and prevention will remain a key priority for Allianz and our plan is to continue to build on the collaborative approach we’ve put in place, which is clearly achieving excellent results.”