Officers from the City of London Police’s Insurance Fraud Enforcement Department (IFED) opened their doors to over 100 members of the Insurance Institute of London (IIL) to talk about the threat of fraud to the industry and show what IFED is doing to tackle it.
The event, which was held at Wood Street Police Station on Friday 30 September, was the first time that IFED officers have showcased the unit’s activities to those within the industry that don’t necessarily work in fraud roles. Demand for the event, which was open to IIL members, was so high that all spaces were filled within a week of it being advertised and saw the highest turnout for any ‘continuous professional development’ event the IIL has offered to its members.
The Deputy Head of IFED, Detective Inspector Lara Xenoudakis and Detective Sergeant Richard Maynard both talked about the threat of insurance fraud, from both opportunists and organised crime groups and gave IIL members real insight on some of the challenges and difficulties officers face when investigating a fraud case and bringing offenders to justice.
Detective Inspector Lara Xenoudakis, from the Insurance Fraud Enforcement Department said:
“This was the first time we’ve held an event for those within the industry who aren’t necessarily directly involved in counter-fraud as part of their role.
“It’s important that everyone is aware of threat that fraud poses to the insurance sector - it’s not something that is just the responsibility of specialist fraud investigators to deal with, everybody can play a part.
“It was fantastic to see so many people attend today and from the feedback we’ve had already, we will be looking to arrange further sessions for those who weren’t able to attend today’s event.”
Allison Potts, Institute Secretary for the Insurance Institute of London said:
“The role of the Insurance Institute of London is to help our student members develop their professional knowledge and to keep our qualified members up to date. We were delighted to be given this marvellous opportunity by the City of London Police to arrange an educational visit focussing on the work of the Insurance Fraud Enforcement Department. Our members learnt about the role of IFED and how it operates; discovered more about IFEDs priority areas and referrals and were briefed on IFED investigations and prosecutions. Our members really appreciate IFEDs work and the time and effort that the City of London Police put in to hosting this fascinating visit.”