Fraudsters without borders – Fraud from a Nordic and Global perspective

In the insurance industry there is a growing appetite among insurers to tackle claims fraud more comprehensively. At the same time, fraudsters are ramping up their strategies and targeting markets all over the world, posing huge risks to insurers operating globally. According to the Coalition Against Insurance Fraud (CAIF), insurers make around $308 billion in fraud claims payments annually in the US alone, making the country one of the biggest markets for fraudsters. But other fraud hotspots are emerging worldwide, and the organized crime groups don’t care about borders. They act globally and AI tools have made fraud easier and more accessible than ever, necessitating collective action from the industry. At this webinar, Steve Crystal, will give us an update on the trends and development within Fraud and give answer to the following: • Are we seeing an increasing trend in fraud, or have we just become better at detecting fraud? • Are there any correlation between economic cycles and fraud – i.e. is fraud more likely when the economic situation is worsening? • What examples are there on “Red flag”-indicators. Both generic indicators across product lines but also specific indicators on products? • Are there any specific type of fraud that is more common that others? • How can insurers fence their portfolios against fraud and avoid negative selection from “doubtful clients”? • What are the political/legislative trends towards insurance fraud? SPEAKER Steve Crystal has led Sedgwick’s claims fraud proposition internationally since 2021, overseeing strategy and the delivery of investigation services via a global network. His experience comprises 28 years with Sedgwick. Prior to his international remit he was head of financial crime in the UK. During this five-year tenure he was responsible for Sedgwick winning seven national awards for its counter-fraud services. THE WEBINAR WILL BE IN ENGLISH