Greenwoods Solicitors

Insurance fraud has an unfortunate position in the hierarchy of crimes. The perception is that it is relatively commonplace, easy to get away with and victimless, but of course insurance fraud is never victimless – it affects us all. Not only does it push up insurance premiums, but the proceeds of fraudulent claims tend to make their way into other areas of crime such as money laundering, drugs and terrorism.

Fraud is not a static crime; it is constantly evolving as fraudsters take advantage of new technology, loopholes in legislation and lax security.

Insurance fraudsters like to think that many suspected frauds are too costly and time-consuming to investigate and that settling the claim is the easiest option for the insurer.

The Counter Fraud Group at Greenwoods helps insurers fight back. Our legal experience, IT systems and processes enable us to identify the tell-tale signs, scrutinise the claim and expose the fraud, quickly and cost-effectively.

We dissect every claim and carry out an intricate assessment both at a pre and post litigation stage involving, where necessary, the insight of independent experts.

By using Minotaur, our market leading range of database products, we can ensure there is complete integration between lawyer and analyst whilst providing, collating and sharing data, which allows the insurer to remain one step ahead of the fraudster.

With the support of our invaluable Intelligence Resource, backed by Minotaur, we are able to advise our insurer clients which cases to select for investigation, saving them unnecessary costs by eliminating inappropriate cases and concentrating our considerable resources on bringing more cases to successful conclusion.

Greenwoods’ Counter Fraud Group provides a total service, including secondment of lawyers to assist with identifying fraud and implementing fraud prevention measures.