Image - 8 December 2023

Fraud magnifying glass

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Topics

Insurance, Insurance issues

Regions

Contacts

Amy Yorston

Press contact External Communications Manager amy.yorston@allianz.co.uk 07794266474

Paul Platt

Press contact Head of External Communications paul.platt@allianz.co.uk 07385 340347

Sian Baker

Press contact External Communications Manager sian.baker@allianz.co.uk 07891 570995

Sara Robinson

Press contact External Communications Manager sara.robinson@allianz.co.uk 07918 470463

David Gwyer

Press contact External Communications Manager david.gwyer@allianz.co.uk 07384 533714

Organised crime and cavity wall insulation claims among 2020 insurance fraud trends

Allianz Insurance detected a record £65.8m worth of insurance fraud in 2020, as it took on claims farmers, rogue loss assessors and organised crime. The fraud savings were higher than the previous year, exceeding Allianz’s target by £2.9m.

8 December 2023 10:43

Allianz develops machine-learning ‘Incognito’ tool to tackle growing fraud claims

Experts from across the Allianz UK business have collaborated in developing and building a cutting-edge machine-learning tool called ‘Incognito’. Incognito identifies potentially fraudulent claims, which are then referred to a fraud expert for thorough review and investigation.

12 February 2024 11:22

Allianz 2023 claims fraud savings hit £77.4m

Reporting on its 2023 fraud results, Allianz Commercial detected £77.4m worth of claims fraud in 2023 - up from £70.7m in 2022 - with application fraud savings of £1.95m. The current cost-of-living crisis is having a continued impact on businesses with the financial struggle leading to an increased insurance fraud threat.