The Society of Claims Professionals release guide to spotting fraud

Michael Lloyd

December 2, 2019

The Society of Claims Professionals (SOCP) has released a good practice guide to spotting fraud and avoid conflating attempted fraud with misunderstanding of cover.

The guide encourages claims handlers to take the time to build a full picture for every claim, one which considers the specific circumstances, so as to treat clients fairly.

According to the guide, this requires an allowance for the possibility that a claimant has misinterpreted their cover.

As well as treating customers fairly, claims handlers are advised to maintain high quality data, understand the fundamental dishonesty rules and keep up to date with new types of fraud.

Jeremy Trott, non-executive director of the Society of Claims Professionals, said: “It is important to note that, according to statistics from the Association of British Insurers, more than 112,000 cases of attempted claims fraud were detected in 2017 worth nearly £1.3bn.

“However, while fraud is still a timely and costly drain on the insurance sector, claims should still be considered carefully so that, not only fraud is recognised where it genuinely occurs, but also that clients have access to protection when it is warranted.”


Sign up to our daily email