Is the sector suffering an attack of the clones?

fraud

Insurance Age takes a look at the recent spate of cloned firms targeting the industry as experts urge brokers to be vigilant.

The Financial Conduct Authority (FCA) has, in recent months, issued a steady stream of warnings about fraudsters targeting the insurance sector by setting up cloned firms.

Broker Protect Your Bubble was cloned in February and Ellis David Insurance Brokers was targeted last October.

And in July 2018 Insurance Age got a Facebook page set-up by fraudsters impersonating Car Insurance 4 U removed, the page had been active for about two months.

In July this year, the regulator warned of fraudsters

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: