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2025-01-22

AskMid Wins Best Technology for Insurance Fraud Prevention

AskMid Wins Best Technology for Insurance Fraud Prevention
AskMid receives national recognition for its innovative technology in preventing insurance fraud and supporting the UK insurance industry.

At the 2025 UK Insurance Technology Awards, AskMid was honoured with the Best Technology for Insurance Fraud Prevention award. The platform's secure, real-time insurance verification system has helped reduce fraudulent claims and improve data accuracy across the industry. The award recognizes AskMid's implementation of advanced data analytics and AI to identify potentially fraudulent insurance claims and uninsured vehicles. These technologies have contributed to a 15% reduction in fraudulent motor insurance claims over the past year, saving the industry an estimated £250 million. Judges praised AskMid's collaborative approach, working closely with insurers, law enforcement, and regulatory bodies to create a more secure and transparent insurance ecosystem. The technology has been particularly effective at identifying 'ghost brokers' who sell fake insurance policies to unsuspecting motorists.

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