Breaking News
The Most Common Types of Insurance Fraud
Chief Data Scientist at Covéa, Tom Clay talks us through some of the most common types of insurance fraud. There’s some bad actors out there. Quite literally.
The insurance industry’s most expensive puzzle, the claims process, is a playground for fraudsters. As they slip through the cracks, the industry faces a monumental challenge in acquiring accurate data to combat this menace.
Claim exaggeration is possibly the most common area of fraud they see and it’s often the hardest to detect. At the other end you’ve got full on ‘crash for cash’, staged incidents.
It’s complex to model and prevent because it’s hard to get good data on it. It’s possible that new AI technology could be the game-changer the insurance industry is after.
People In This Post
Companies In This Post
- TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity Read more
- A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech Read more
- Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience Read more
- Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S. Read more
- Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance Read more
TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Solving the Velocity of Risk in Payments
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
TSAM London: Clearwater Analytics on Why a Clear Data Strategy is the Foundation for Financial Firms
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Fintech Meetup 2026: What’s Your Favourite Thing About Vegas?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
MPE 2026: Uber on Scaling Payments Across 80+ Global Markets
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
MPE 2026: SoundCloud on the Payments Paradigm Shift Driven by LLMs and AI
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Fintech Meetup 2026: What Are Some of the Key Themes/Buzzwords You’re Hearing at the Event?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
TSAM London: Finastra Talks Operational Efficiency and Achieving Seamless Connectivity
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
A Decade (Plus!) of Innovation: IFGS 2026 Proves the UK is Still the Beating Heart of Global Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Ethos Collaborates with Liberty Mutual to Deliver a Modern, Digital-First Life Insurance Experience
Ethos and Liberty Mutual Insurance, announced they are working together to expand the reach of Liberty Mutual's direct-to-consumer life insurance offering
Simply Business Launches Insurance App for Small Businesses in ChatGPT in the U.S.
Simply Business, a digital insurance marketplace for small businesses, announced the launch of its business insurance app in ChatGPT in the U.S
Germany’s Akbank AG Successfully Completes First Phase of Core Banking Migration to Mambu in Partnership With Innovance
Akbank AG has successfully completed Phase 1 of its core banking transformation, to the leading SaaS cloud banking platform Mambu
Hippo Appoints its EVP & Chief Strategy Officer Stewart Ellis to Its Board of Directors
Hippo announced the appointment of its current EVP and Chief Strategy Officer and former Chief Financial Officer, Stewart Ellis, to the Company's Board of Directors
FCA Spearheads Global Action to Stop Illegal Finfluencers
The FCA has led international action to stop illegal finfluencers putting consumers' money at risk