ABI says insurers detected more than 130,000 fraudulent claims in 2015
Association highlights rise in dishonest liability insurance claims such as “slip and trip”.
New figures from the Association of British Insurers (ABI) have revealed that insurers uncovered more than 130,000 fraudulent claims in 2015, equivalent to 2,500 a week, and up 6% on the previous year.
However, the trade body noted that the value of these frauds fell by 3% in the 12 month period to £1.3bn.
It highlighted that there was a significant rise in dishonest liability insurance claims detected, such as ‘slip and trip' claims.
These came in at 26,900, an increase of 36%, and their £391m
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop