Motor insurance fraud in the UK has reached a level that demands focused attention. In 2024, insurers detected fraudulent motor claims totalling £501 million. This figure highlights the growing sophistication of fraudulent schemes—from crash manipulations… Motor Fraud in 2024: £501 Million in Detected Claims and Rising Trends
Proactive fraud prevention has moved from operational nice-to-have to board-level imperative. When bogus claims slip through the net they erode margins, inflate reserves, and push combined ratios in the wrong direction just as solvency and… The True Cost of Undetected Insurance Fraud: A CFO’s Guide to Loss Prevention
Insurance fraud is a major issue in the UK, costing the industry an estimated £1.1 billion annually, according to the Association of British Insurers (ABI). This financial loss impacts insurers and policyholders alike, leading to… The Role of Audit Logging in Insurance Fraud Management
Fraud has become an ever-present threat to financial institutions, costing businesses billions of dollars annually. With fraudsters continuously evolving their tactics, financial institutions must adopt robust fraud case management strategies to mitigate risks effectively. An… Fraud Case Management Best Practices in Financial Institutions
Fraud is an ever-evolving challenge for businesses, financial institutions, and government agencies. As fraudsters become more sophisticated, fraud case management must also advance to stay ahead. The future of fraud case management will be shaped… The Future of Fraud Case Management: Emerging Trends and Predictions
Fraud has become one of the most pressing challenges for businesses and individuals in many sectors. From phishing schemes and identity theft to sophisticated financial fraud, the threats are evolving rapidly, leaving organisations vulnerable. Addressing… Fraud Case Management: What It Is & Why You Need It
As custodians of wealth, banks are prime targets for fraudsters seeking financial gain. The scale, sophistication, and evolving nature of fraud in the banking sector make it one of the most challenging industries to secure.… Why Should Financial Institutions Use Fraud Case Management System to Fight Fraud in 2025
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… How to Combat Financial Crimes with the Help of Fraud Case Management
Fraud is a growing problem that costs businesses in retail, insurance, financial services, and other industries billions of dollars every year. For example, according to Juniper Research in 2023, companies in the e-commerce sector lost… Understanding Fraud Risk Management and Strategies to Mitigate Fraud
Insurance fraud is a growing problem, costing companies billions of dollars every year. Fraudsters are becoming smarter, using advanced techniques to exploit loopholes in processes. To stay ahead, insurance companies need strong fraud management systems.… Top 10 Features of a Great Insurance Fraud Case Management System