Client services

Fraud

The threat of fraud to both businesses and insurers has never been greater than at present. In the current economic climate, the pressure on individuals and companies make the prospect of fraud in all areas more likely. Insurance companies face the inevitable increase in fraudulent claims. Businesses must be wary of both internal and external sources of fraudulent loss.

Hill Dickinson’s fraud unit was established seven years ago and over that period has developed a singular expertise in relation to the identification, and proactive management, of motor insurance fraud. The unit combines cutting-edge and market-leading technology with the expertise of 60-strong multi-disciplined team of intelligence, investigation and legal experts. Our team provides specialist advice on all aspects of fraud:

Insurance

Motor insurance fraud
- Staged and induced accidents
- Phantom passenger claims
- Serious and organised insurance fraud
Employers' liability and public liability claims
- Fictitious claims
- Fraudulent exaggeration
Arson and property insurance claims
Commercial insurance
- Arson claims
- Business interruption
Marine insurance

Business and commerce

Employee fraud
Procurement fraud
Asset recovery
Freezing injunctions
Trademark and patent infringement
Identity theft
Partnership disputes
Mortgage fraud
NHS

Netfoil

Netfoil is our unique counter-fraud intelligence database containing details of more than 50 million claim records. Netfoil users and data providers benefit from the sharing of claims data in a confidential format. This helps to protect their commercial interests whilst at the same time facilitating the detection of fraudulent claims activity. Netfoil provides our clients with a unique risk assessment tool. It also enables our dedicated intelligence unit to assist clients with the early and accurate identification of high risk and fraudulent insurance claims. Hill Dickinson’s fraud unit specialises in helping clients to identify and repudiate serious and organised insurance fraud, as well as opportunist claims.

Recent case studies:

Case study 1:
In relation to one personal lines motor insurance over the period 2008/9 we have achieved 12.5 million (net of costs) in relation to motor insurance fraud. This follows savings of £10.8 million in 2007/8. The average saving per claim amounted to 18,930 pounds per claim.

Case study 2:
Hill Dickinson extracted 50,000 claims including 19,000 open legacy claims. Netfoil MDA, led to the identification of circa 1,000 high risk claims with a minimal false positive rate, leading to the creation of over 20 million pounds of fraud savings.

Case study 3:
Hill Dickinson were instructed to advise in relation to a London based fraud ring. We directed investigation, assisted by Netfoil, led to the identification and repudiation of 1.1 million pounds of claims.

For further information on Hill Dickinson’s fraud unit or Netfoil please visit our dedicated website - www.hilldickinson-fraud.com or contact us.