Category: Business & Industry News

Insurance fraud rose 23% in 2011

Insurance Times Online Insurance fraud often from financially stressed  says Experian director Detected insurance fraud rose 23% in 2011 when compared to 2010, according to a new fraud index published by Experian. Almost 11 applications and claims out of 10,000 were fraudulent last year, compared to 8.89 out of every 10,000 the year before. […]

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DFS gets country’s first layered voice analysis system

The Times of India – AHMEDABAD: Real-life crime detectives are going to experience a less cumbersome process of suspect identification as non-contact and non-intrusive voice analysis techniques are now being made available to them. Directorate of Forensic Sciences (DFS), Gandhinagar, has procured the country’s first Layered Voice Analysis (LVA) system developed in Israel. Read More

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Could voice analysis software give away lying CEOS?

New system picks up tiny ‘tells’ which could warn investors of fraud Software scans voices for ‘dissonance’ Can predict lying – tested using recordings of calls where executives WERE lying Layered Voice Analysis could be used in investor calls to root out fraud. Read more

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Digilog UK presents Covea Insurance with the AVS Best Performer Award

Best Performing Client Award One of Digilogs many clients to benefit from AVS  is Covea Insurance Claims Validation Unit who were recently acknowledged  as Digilogs best performing Insurer client.   This was thoroughly deserved as the team have consistently produced excellent results over a number of years. The team s hard work and enthusiasm for […]

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DigiLog boss warns over £1.9bn costs

Post Magazine – Undetected general insurance claims fraud costs the industry £1.9bn, DigiLog’s managing director has warned. He told the conference: “Most anti-fraud solutions look for the premeditated type of insurance fraud, but we estimate that less than 10% of insurance fraud is organised.” He explained that in most examples of detected opportunistic fraudulent claims, […]

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Insurer calls for FSA to set standards on data quality to help combat fraud

Ecclesiastical Insurance has called for the Financial Services Authority to set standards in governance of insurance claims and on data quality to help combat fraud. Simon Arundel, risk manager, claims and risk services, at Ecclesiastical Insurance, said at the IEA and Marketforce’s Claims Forum 2009: “If the FSA says treat customers fairly, we do it. […]

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