Regulatory & Investigations
Regulatory & Investigations Newsletter January 2023
11 January 2023
Market-leading in identifying, defending and defeating fraudulent Casualty insurance claims
Our specialist insurance fraud investigations team advises major insurers, corporates, public bodies and private organisations on thousands of insurance fraud cases each year, including casualty, disease, motor, travel, household, property, pet and commercial policies. We help to protect our clients’ businesses and their customers from the harm of fraud.
We focus on uncovering motor fraud: bogus claims, phantom passengers, low-velocity impact, staged and induced accidents. We are proficient in disease claims, including suspicious noise-induced hearing loss claims. We also have extensive experience in property fraud, including arson, theft, burglary and stolen vehicles.
Our specialist team has resolved numerous fraud rings, fabricated incidents and exaggerated claims across all lines of business. We also advise clients on future fraud prevention strategies, providing a tailored approach which helps to ensure brand protection, maintain policyholder relationships and minimise costs.
We use our cross-border intelligence and our innovative systems to improve our counter-fraud service. We have developed a number of innovative counter-fraud products as part of our Clyde & Co Newton offering. These include Fraud Screen, a bespoke Optical Character Reading (OCR) tool including artificial intelligence (AI)functionality that provides the most advanced language model accessible today and Fraud Edge, a fraud insight tool, allowing clients to understand the potential exposure to suspicious organisations.
We have achieved a series of milestone 'firsts' for our insurance fraud clients:
- The first private criminal prosecution for a public liability claim.
- The largest award of exemplary damages in a Part 20 Counter Claim for deceit.
- The highest number of successful contempt cases in the industry.
- Resolving the first cross-industry employer liability, public liability, and motor fraud ring.
- Winning Insurance Times Collaboration of the Year Award 2021 – Innovative approach utilising S57 to deliver savings in excess of £12m in the volume space.
Strong experience in dealing with all aspects of fraudulent insurance claims. A leading firm in this area.
Legal 500 2022
The Lawyers have detailed and long-standing knowledge of insurance fraud and the various ancillary issues that flow from this. As a team it is efficient, proactive and realistic. It gets results.
Legal 500 2022