THE counter fraud SPECIALISTS
General insurance fraud is estimated to cost the sector over £1.3 billion annually (2016). Fighting fraud is an extremely tough and increasingly expensive business, with insurers having to carefully select which cases to challenge in order to ensure the most cost-effective outcomes.
Horwich Farrelly’s counter-fraud team is a recognised, award-winning, specialist in this area. We offer a bespoke service tailored to each different type of fraud:
Whilst each distinct type of fraud is investigated in its own unique way, with dedicated handlers allocated as appropriate, the consistent aim is to retain control over the delivery of decisions (e.g. settle, plead fraud and proceed to trial, etc.) in line with client requirements.
This contains our clients’ exposure to costs and leakage, and minimises individual case lifespan.
Our robust approach sets us apart in the market….
Horwich Farrelly has built an enviable reputation for adopting a robust approach to fraud and fights more cases in court than any other firm – achieving impressive results for clients and providing a clear deterrent to fraudsters.
Whilst many firms are content with just an economically favourable settlement, we will work with clients to actively pursue sanctions against fraudsters wherever possible and cost-effective to do so. We routinely secure findings of Fundamental Dishonesty against claimants and have unparalleled success in overturning qualified one-way costs shifting (QOCS). Our in-house Enforcement team has recovered many millions of pounds worth of costs orders for our clients.
Significantly, our record of success in Contempt of Court proceedings is unmatched.
….and is underpinned by a formidable Intelligence capability
We have invested heavily in IT not only to optimise productivity but also to provide a leading insurance fraud intelligence capability.
Our large specialist Intelligence Team (drawn from police, legal practice, insurance claims and field investigation backgrounds) triage every case we receive. Equipped with state of the art software, tools and databases they combine in-depth expertise and highly automated processes to analyse claims data, detect fraud, and identify potential fraud rings. Their input is used to drive the most appropriate case handling strategy, and they consult throughout the case lifecycle.
We have developed proprietary tools and techniques to help identify suspect activity, including that involving organisations that potentially ‘enable’ fraud – ranging from claims management companies and credit hire operators to various ‘experts’ (engineers, physicians, etc.). Horwich Farrelly liaises with the relevant regulatory authorities to ensure that appropriate measures are taken to both curtail their activities and get financial and/or professional sanctions imposed.