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Latest news
New research highlights how vehicle damage patterns act as fraud indicators in staged accidents
As part of its sponsorship of the 2019 Institute of Traffic Accident Investigators [ITAI] Crash Test and Research Day, e2e Total Loss Vehicle Management [e2e] arranged for specific research to be undertaken into low speed, fraudulent, staged accidents. Analysis from the crash tests has shown how the forensic examination of vehicle damage patterns can be … Continued
How can banks and insurers effectively partner in the digital era?
Bancassurance, the selling of banking and insurance products through the same channel, traditionally the bank branch network services, saw banks acting as a major distribution channel for insurers, and insurance sales a significant source of profits for banks. Nowadays banks have reduced their branch networks both as a cost cutting exercise and because many customers … Continued
CRIF Launches Fraud Detection Tool for Pet Insurers
CRIF Decision Solutions [CRIF] has launched Sherlock Detection, an automated fraud detection tool which rapidly risk assesses every claim, to help pet insurers prevent, manage and detect fraud swiftly and efficiently. Sherlock Detection works across all lines of insurer business and is already available internationally. Its UK launch is focussed on the pet insurance market … Continued
Pre-loss risk assessments – exercise caution
IFIC Forensics can report an increased interest in pre-loss risk assessments from delegates visiting our stand at Airmic 2019. Of particular interest were fire risk assessments related to property portfolios, perhaps linked to the Grenfell Tower Inquiry, the pending reforms of the building regulations and fire safety guidance and the recent high profile heritage fire … Continued
UK’s largest collective vehicle salvage operator rebrands with a focus on insurer needs
National Salvage, the UK’s largest collective vehicle salvage operator which incorporates NSG and NSA, has rebranded as e2e Total Loss Vehicle Management [e2e]. The rebrand signals the group’s service innovation and business growth goals, underpinned by newly implemented service standards and an unerring focus on performance. e2e will raise the bar on best practice in … Continued
Mitigating Risk – Construction Sites and Hot Work Fires
Construction site fires, including refurbishments and renovation work, have been hitting the headlines recently. Data sourced from the Home Office as part of an investigation into construction site fires, undertaken and reported by Construction News in January 2019, revealed that the total number of construction site fires has been on an upwards trajectory for the … Continued
Forensic Investigation and TCF: A Positive Partnership
Forensic investigation may not historically have been recognised as a plank in an insurance organisation’s TCF strategy. Nowadays, the forensic validation of claims is acknowledged as a tool to protect genuine customers from the impact of fraud, whilst enabling swift and appropriate claim resolution. The intervention of forensic investigators can play a significant role … Continued
RDT hires leading product strategist
Insurance technology specialist RDT has enhanced its senior management team with the appointment of award-winning product and marketing leader Shahin Amir-Ebrahimi as its new group product owner. Shahin, who has more than 20 years’ experience in insurance, will be responsible for shaping RDT’s product strategy and managing its product roadmap, ensuring that the company’s products … Continued
Markerstudy commits to five more years with RDT
Markerstudy Group has renewed its agreement with leading insurtech provider RDT to continue using major elements of RDT’s Atlas platform for a further five years. The insurer is also in the process of migrating additional lines of business to Atlas. Markerstudy has used RDT’s administration solution Landscape since 2009 and its centralised rating hub Equator … Continued
Brightside partners with RDT as Kitsune commences trading
Brightside has partnered with RDT, creators of some of the UK’s most widely used insurance software and leaders in the field of insurtech, to bring its new MGA, Kitsune, to market. Kitsune, which is part of Brightside Group, are operating on RDT’s Atlas platform, giving the MGA huge flexibility, rapid access to new markets, low … Continued
Cyber Check: Cyber Risk Screening for SMEs
CRIF Decision Solutions has launched Cyber Check (powered by KYND’s cyber risk technology) to provide small and medium size enterprises [SMEs] with an economically viable service to allow them to rapidly identify their cyber risk vulnerabilities. Available as a one off assessment or regular monitoring, Cyber Check undertakes immediate screening and instantly provides a … Continued