The recognition comes for DWF's use of technology solutions with its insurance clients to identify fraudulent and adverse behaviours in motor and personal injury claims, saving £12.5m in indemnity spend over a 12 month period.
Our data-driven solutions allow our clients to validate claims quickly, and selects claims for the application of DWF strategies to achieve optimal outcomes for our insurance clients, primarily preventing unnecessary indemnity spend on fraudulent and spurious claims.
Joanne Baker, Head of Client Innovation (Insurance) said: "Inflation in the UK and the cost of living crisis is well documented as being one of the sources of an increase in fraudulent insurance claims. Coupled with recent changes in legislation, primarily the Whiplash Reforms, this has led to extensive layering and other adverse behaviours, posing huge challenges for our clients. DWF is passionate about helping our clients to minimise their exposure to adverse and fraudulent behaviours. Our deep understanding of the rapidly evolving claims environment is at the heart of our consistent delivery of game-changing technology solutions."
Matthew Doughty, CEO Insurance Services at DWF said: "DWF is home to thousands of insurance claim specialists in the legal, business, data and technology fields. We have decades of experience and market knowledge in the insurance industry, powered by our growing team of data scientists and other insurance experts and this award is testament to that."
DWF was also Highly Commended by The Lawyer Awards 2023 for Best Client Service Innovation for its work with insurance clients on early identification and mitigation of somatic illness claims.
For more information about our Insurance Services please contact Matthew Doughty.