Clearspeed

According to the Association of British Insurers (ABI), fraudulent claims have risen by 4% since 2023, with exaggerated loss claims leading the pack at an astonishing £407 million. Insurance Fraud Bureau director, Ursula Jallow, commented: “With a rise in detected fraudulent insurance applications and claims, it’s never been more important to raise awareness about the impacts of insurance fraud.” With 230 fraudulent claims detected daily, the UK insurance industry continues to work with law enforcement to combat fraud and protect policyholders. #FraudStatistics #InsuranceFraud #ABI #FraudPrevention 

Crash for cash scams that target innocent drivers are becoming a significant issue in the UK. To combat this and other surging fraud claims, the UK insurance sector has launched a new voluntary fraud charter with the Home Office and other endorsers. Charter meetings will “bring together government departments, law enforcement, regulators, private sector and victim groups to strengthen the response to fighting fraud and better protect the public.” This crackdown hopes to close loopholes in the market, enhance collaboration and support victims. Learn more at: https://lnkd.in/eXxfgbFh #InsuranceFraud #UKInsurance #UKFraud #CrashforCash

While today marks the end of International Fraud Awareness Week, Clearspeed's commitment to fraud prevention is year-round, with our voice analytics technology that helps organizations identify and mitigate risk at scale. Fraud isn’t a one-time thing, but a constantly evolving and ongoing battle that requires constant innovation. As technology advances, it's crucial to stay ahead of the curve and protect your organization from emerging threats. Clearspeed is dedicated to helping you identify, understand, and mitigate fraud risks with our advanced solutions, which enable you to get to trust faster. Assessing risk and preventing fraud aren't one-time actions - they're practices that require ongoing innovation. It's crucial to stay ahead of new threats as fraud tactics become more sophisticated. And that's exactly what Alex Martin, Kim Garland, and Mitchell Kemper discussed in a recent panel conversation, along with how to foster a culture of creativity, curiosity, and innovation to navigate present and future opportunities. Dive deeper into these insights and check out the links below:  🚀 Read the full blog here: https://lnkd.in/gYkfvJWN 🚀 Learn how Clearspeed helps you trust, faster: https://lnkd.in/gNSP5ghH #FraudWeek #FraudPrevention #TrustFaster #InsurtechInsights

In the course of Fraud Awareness Week, we call attention to the critical role that trust plays in modern underwriting. In a recent webinar, industry leaders discussed how new technologies streamline processes while maintaining fairness. Clearspeed’s voice analytics help insurers assess risk quickly, allowing underwriters to focus on complex cases. Technology is key, but human judgment remains essential. Watch the full webinar to see how Clearspeed technology enhances underwriting, reducing risk, and building trust with customers: https://lnkd.in/g4kREwwQ Or, read the webinar recap here: https://lnkd.in/gpHsn7DU #FraudWeek #FraudPrevention #TrustFaster”

In the course of Fraud Awareness Week, we’re taking a closer look at some startling statistics that call attention to the importance of enabling trust to address risk and potential fraud. These numbers remind us that fraud affects everyone. By putting trust first and taking proactive steps, we can fight these unsettling trends. Stay informed about fraud and learn more about how Clearspeed is helping organizations around the world get to trust, faster: https://lnkd.in/gNSP5ghH #FraudWeek #FraudPrevention #TrustFaster

Want to enhance trust within your organization? There are plenty of measures you can take to prevent fraud that begins with proactive measures across your people, partnerships, and processes. 👉 Know your employees: Prevention starts with great risk hygiene at the point of hire. Implementing strong and continuous employee screening for risks such as drug use and abuse, corruption, data theft, etc. help mitigate risks and maintain a secure environment within your organization.  👉 Know your suppliers: Perform risk assessments on anyone your organization works with from contractors to vendors. By looking into stability, potential conflicts of interest, and fraud risks, you can reduce your organization's exposure to external threats. Screen third party partners and delegate hires for any suspicious activity or red flags. 👉 Know your customers: Streamline your application processes and narrow the need for medical exams, invasive checks, and lengthy records searches to create more trusting relationships. For existing customers, better understand their patterns, their payment and financial history. See how Clearspeed can help you accomplish these goals and create a more trusted work environment: https://lnkd.in/gSTctbcs #FraudWeek #BestPractices #TrustFaster

We're hiring Sales Executives! Drive growth by delivering our cutting-edge risk assessment solutions to financial services. Help assess risk faster! If you're a driven sales pro with experience selling into financial services - banking and the P&C or L&H insurance spaces, let’s talk! Apply today at https://lnkd.in/eAfb-acV #SalesJobs #FinTech #InsurTech #banking #insurance #L&H #P&C 

Steve W., Clearspeed’s EVP of Government, Defense, and Security, will be speaking today at GSOF’s Modern Warfare Week. Steve has decades of experience in the U.S. Navy as a Special Warfare Officer and is a seasoned leader in the defense sector. Steve will be moderating the SITREPs in Ukraine panel featuring Mr. Lito Villanueva, Founder of LitoCorp, and Colonel Mykhailo Pinkevych, Senior Inspector Main Inspectorate of the Ministry of Defense of Ukraine. Learn more here: https://lnkd.in/gsPptuHk #ModernWarfareWeek #GDS #GSOF

This Fraud Week, Clearspeed is focusing on the essential role of trust. Fraud impacts everything from finance to relationships, undermining confidence that organizations build with clients and their communities. To strengthen trust in our fight against fraud, Clearspeed's technology provides highly accurate, unbiased fraud risk alerts, enabling faster processing of low-risk transactions while guiding focused follow-up on high-risk cases. Let’s build a more trustworthy environment as we continue to combat fraud. See how Clearspeed can help you get to trust, faster: https://lnkd.in/gNSP5ghH #FraudWeek #TrustFaster #FraudAwarenessWeek

At Clearspeed, we are proud to partner with industry leaders like Abacai, a UK motor insurer company, which distributes a variety of annual motor lines short-term policies. Tom Wilson, Head of Counter Fraud at Abacai Group says, “Clearspeed helps us get the right claims into the right hands quickly, knowing that we’re delivering a better customer experience overall while also optimizing the impact of our investigative teams by helping them focus where fraud is most likely.” As we mark Fraud Awareness week, this is a good reminder of how essential it is to continuously evolve strategies to protect businesses, customers, and partnerships. Read more about this collaboration at: https://lnkd.in/gWe-JjjR #ClientStories #MotorInsurance #UKFraudPrevention #FraudWeek