Diversity of fraud is ‘biggest challenge’ for UKGI market – IFB - News Summed Up

Diversity of fraud is ‘biggest challenge’ for UKGI market – IFB


She explained: “Previously, the market had mainly focused on motor fraud and now there’s an appetite to ensure other product lines are also being tackled in a similar way. “It’s critical that we continue to find new ways to detect fraud across all product lines. She continued: “We know that opportunistic fraud is on the rise and this won’t just be in the motor fraud space. By being more coordinated across all product lines, the industry is best placed to tackle the diversity of fraud we are facing. Part of the General Insurance Fraud Committee (GIFC), the working group features communications professionals from member firms such as the ABI and Insurance Fraud Enforcement Department (Ifed).


Source: The Times February 23, 2024 07:08 UTC



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