A senior City of London Police detective has been appointed to lead the specialist insurance fraud police unit.
From January, Detective Chief Inspector David Wood will be heading a team of 35 specialist fraud detectives and financial investigators that will target a crime valued at £2bn per year. As reported in Cover in July, the unit will be funded by members of the Association of British Insurers at a cost of £3m per year over a three-year period. The unit will retain operational independence to target the organised and opportunist fraudsters at the heart of this type of fraud. DCI Wood's team will work closely with the force's own National Fraud Intelligence Bureau and its surveillance and f...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes