Fraud is becoming a key target for the health insurance industry as it bids to stem the continued growth in medical inflation.
A worldwide scheme to reduce healthcare fraud has been launched including key players from the UK private medical insurance (PMI) market.
The Financial Services Authority (FSA) has fined an insurance broker £195,117 for insurance fraud and banned him from carrying on regulated financial services.
The Association of International Medical Insurance Providers (AIMIP) has agreed a deal to help cut fraud throughout the private medical insurance (PMI) sector.
The ABI is set to publish industry guidance to help insurers, brokers and comparison websites better identify insurance application form fraud.
A senior City of London Police detective has been appointed to lead the specialist insurance fraud police unit.
An insurance fraud police unit is to be set-up, paid for through a police-private sector partnership.
The majority of brokers feel penalties for insurance fraud should be higher and have called for a central database of fraudsters, research has found.
Fraudulent insurance claims should allow the immediate cancellation of a policy, according to industrywide representations.