CII launches fraud podcasts

The CII, the professional organisation for insurance and financial services, has launched a series of podcasts to help its members deal with fraud.

Advertising

The podcasts have been launched in conjunction with the Insurance Fraud Bureau (IFB), with the aim to advise its claims, underwriting and broking members on the current issues surrounding fraud detection.

The IFB's head of unit, Sue Jones, offers guidance on how the insurance industry is combatting organised fraud.

Jones also explains the emerging challenges for all practitioners in tackling this problem which costs the industry £1.6bn a year, according to ABI figures.

Jones highlights the impending rise in internal fraud where crime gangs are infiltrating contact centres and claims departments, how the economic slowdown will bring an increase in mortgage fraud, and the need for cross industry bodies to be more co-ordinated in addressing data security to stop identity fraud.

The CII's head of faculties, Gillian Donegan, said: "It is obvious from discussions with the CII Faculty board members that the current economic climate will put pressure on the claims environment. Fraud is one area where insurance companies are vulnerable, particularly if major redundancies become more prevalent.

"Sue's podcasts are informative and offer excellent advice to practitioners in claims, underwriting, broking and those working in the London market."

FTAdviser BLOGS RSS

Latest Post  

Beware the unemployment ides of March: Jennifer Gilchrist

While today’s news that UK unemployment has fallen (to 2.45m) for the third consecut... read more

SIGN UP TO NEWS ALERTS




FT Adviser Blogs

FTAdviser's Blogs offer daily commentary and analysis, as our writers vent spleen about the latest developments impacting on the intermediary market.

To read the latest blogs click here


FTAdviser  Jobs  RSS