Global fraud is a significant risk to organisations in the insurance sector. Fraudsters are moving through jurisdictions and transferring the proceeds of crime from one country to the next.
These changes in fraudulent behaviour will continue to challenge global counter fraud operational models. The types of challenges that organisations face include exploitation by criminals of weak points across the world (legal systems, enforcement, punishment) which would take time to resolve and be difficult to predict; complexities in data sharing; difficulty in identifying, locating or tracking fraudsters; cross-jurisdictional complexities in punishing fraudsters when identified; legal compatibility and costs implications for any recovery exercises; co-operation of fraud enforcement bodies; and competing jurisdictional priorities for counter fraud.
We have first-hand experience in helping insurers and policyholders to minimise the cost and reputational risk of fraud of all kinds. Members of the organisation influence and lead on changing the law and together we offer both local and international insight and strategies towards defending against fraud on a global scale.
We have put in place efficient processes that will help predict, identify and investigate fraud issues. We advise insurers, brokers and corporate policyholders on all types of fraudulent claims.
If your concern is not in the presentation of a fraudulent claim but you or your insured have already been defrauded, perhaps by an employee in a position of trust misappropriating company assets, including data, or an identity fraud perpetrated by a third party, our commercial fraud lawyers specialise in the recovery of your losses, frequently using the full force of the court’s powers to obtain freezing injunctions and disclosure orders to protect your position and jump start the recovery.
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T: +44 (0) 121 633 6645
Our vision and focus is to use the strength and depth of our company to help our clients reduce the time and money they spend on managing risk. If you need a global group of legal advisers, delivering a creative, commercial and specialist service, talk to Global Insurance Law Connect today.
Contact: +44 (0)20 7029 4238