|
£1 billion
That’s how much fraudulent claims are estimated to cost the
insurance industry each year by the ABI. In a recent study 7 % of
those people interviewed admitted making a fraudulent claim and 48%
who were interviewed would not rule out making one in the future.
If this figure is accurate then over 3 million people have already
committed insurance fraud.
Systems are needed to allow for early identification of
legitimate claims and those that are fraudulent. The key is to be
able to make that distinction as early as possible to prevent the
claims process from grinding to a halt and to meet genuine claims
at minimal cost. Our team at Browne Jacobson are fully aware of the
hall markings of a fraudulent claim and the way in which they are
presented.
We are able to provide assistance to our clients through early
identification of staged, contrived or exaggerated accidents
together with swift investigation, with specialist investigators,
to ensure any potential fraudulent claim is investigated and where
possible repudiated on the clients' behalf.
We are currently working with our general insurance clients as
well as local authorities and self-insured clients we represent to
ensure they are not exposed to potentially fraudulent claims.
As with all our services we are able to offer our clients
training and assistance in the area of fraud identification and
resolution which meets their business requirements.