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Insurance fraud is a growing problem on a global scale. The ABI estimates that fraudulent insurance claims on motor and household policies alone cost insurers in excess of £1 billion every year. This book provides an analysis of the insurance industry's response to the problem and examines fraud from legal and practical perspectives to determine how to manage and reduce fraud. Key issues covered include: fraud in the insurance and reinsurance context, a look at industry-wide initiatives and individual insurance companies' approaches to the problem, consideration of recent legal developments and a look at how insurance fraud is tackled in other jurisdictions. Includes a chapter on marine insurance fraud.
List of contents
Chapter 1. What is Insurance Fraud? How Does the Law View it? Chapter 2. The Typical Insurance Fraudster- Is There Such a Thing? Chapter 3. Insurance Fraud Indicators Chapter 4. Fraud in Insurance Law Generally Chapter 5. Fraud in Marine Insurance Law Chapter 6. Fraud in the Reinsurance Law Contact Chapter 7. The Insurance Industry's Response Chapter 8. Recent Developments- A Hindrance or a Help to Tackling Insurance Fraud? chapter 9. The Approach of Other Countries to the Problems of Insurance Fraud Chapter 10. Conclusions
About the author
Lynne Skajaa is a solicitor specialising in financial law, and has worked with several leading law firms in Glasgow, London, Stockholm and Oslo.
Dexter Morse is Senior Legal Counsel in the Global Claims team of a leading international reinsurer, where he handles claims arising from the UK and the US.
Summary
This book provides an analysis of the insurance industry’s response to the problem and examines fraud from legal and practical perspectives to determine how to manage and reduce fraud.
