Would make a worthy TV drama reading through this case. In fact one of the industry's premier fraud solutions,360Retrieve, grew out of software deployed by UK police forces to crack open complex crime investigations.
Major UK insurers, and those from Australia to the USA, pressured 360Globalnetto extend its fraud solutions to leverage the insights hidden in unstructured and semi-structured data and join these with the analysis of structured data.
Not all fraud is of the magnitude of this reported case but the totality of the hit to insurer's profitability and the cost to bona fide customers is unacceptable.
From credit hire through Personal Injury Claims Fraud the industry needs tools and solutions like 360Retrieve.
In October 2019, law firm Keoghs and insurer Aviva successfully defended legal action that disputed liability in a road traffic accident. The claimant, who was found liable of driving her Audi into a stationary, parked vehicle, had amassed £400,000 worth of credit hire charges while her car was being repaired; a hire period of two years and nine months.
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