Partners Gallagher Bassett team up with Treeapp in fraud prevention endeavor
In a groundbreaking move, Gallagher Bassett UK has partnered with Treeapp to link fraud reduction efforts with sustainability goals. This innovative initiative aims to plant trees corresponding to savings achieved by reducing fraudulent claims, thereby tying financial performance on fraud prevention directly to environmental impact.
Key details of the partnership and plans include:
- Fraud reduction linked to tree planting: For every measurable saving made by minimizing fraudulent claims, trees will be planted via Treeapp’s platform, thus offsetting environmental impact and promoting sustainability.
- Use of Treeapp’s technology: Treeapp provides tools such as business dashboards, impact tracking, and an API integrated with many business systems (e.g., Stripe, PayPal) to automate and visually represent tree planting efforts, helping Gallagher Bassett monitor and demonstrate sustainability results to stakeholders.
- Sustainability goals and impact: Treeapp’s global climate projects involve planting in areas where trees are most needed, creating local job opportunities, and improving air, water, and soil quality through forestry experts’ oversight. Gallagher Bassett’s use of Treeapp aligns its fraud management to wider environmental and community benefits.
- Plans for transparency and engagement: Gallagher Bassett gains access to impact statistics and planting site assets, supporting a transparent sustainability journey and engaging clients and employees with visual tools like Treeapp’s tree counter widget showing ongoing impact in real time.
While specific numeric targets or total numbers of trees planned to be planted by Gallagher Bassett were not disclosed, the framework emphasizes integrating operational efficiency in fraud prevention with meaningful environmental contributions facilitated by Treeapp’s planting projects and monitoring technology.
The partnership includes DHL Supply Chain and their supplier partner DWF, reflecting GB and DHL Supply Chain's shared commitment to achieving Net Zero emissions by 2050. Manan Sagar, CEO of Gallagher Bassett (GB) Europe, Middle East, and Asia, looks forward to growth opportunities in 2025.
In addition to this partnership, Gallagher Bassett (GB) has also announced the acquisition of Caytons Law LLP (Caytons), expanding its litigation offering. This move further strengthens Gallagher Bassett's position as a leading global provider of risk and claims management services. The acquisition complements the existing services provided by GB's in-house law firm, Strata Solicitors.
Manan Sagar, who has been appointed as the Chief Executive Officer of Gallagher Bassett's United Kingdom (GB UK) operations, is an industry leader with over 60 years of experience in business. He shares three key areas of focus for the rest of the year: strengthening the company's position in the UK market, continuing to innovate and improve service offerings, and fostering a culture of collaboration and growth within the organisation.
The 'Net Zero Tolerance to Fraud' initiative, launched in July 2024, runs through 2029. In its first year, the initiative delivered above the initial target in fraud prevention savings. This partnership uniquely combines insurance fraud reduction savings with planting trees, advancing both financial and corporate responsibility goals through data-driven sustainability initiatives and automated tree planting.
- Manan Sagar, with over 60 years of experience in business, has expressed his focus on three key areas for Gallagher Bassett UK: strengthening the company's position in the UK market, continuous innovation and service improvement, and fostering a culture of collaboration and growth within the organization.
- The 'Net Zero Tolerance to Fraud' initiative, launched in July 2024, has achieved above the initial target in fraud prevention savings in its first year, integrating operational efficiency in fraud prevention with meaningful environmental contributions via Treeapp's planting projects and monitoring technology.
- Gallagher Bassett UK's innovative partnership with Treeapp links fraud reduction efforts to sustainability goals, such as planting trees corresponding to savings made by reductions in fraudulent claims, thus contributing to the company's corporate responsibility objectives.
