Brokers call for more support to help fight insurance fraud

fraud-beads

More than three quarters of brokers surveyed by RSA said they needed more resources in fighting fraud, which is on the rise.

A survey from the insurer of 200 brokers across the UK showed a rise in fraudulent claims over the past year, with

83%

When surveyed by RSA, 83% of brokers reported seeing an increase in fraudulent claims

While the vast majority (86%) were confident that they can detect the signs of fraud, more than three quarters (76%) said they needed to increase resources to deal with fraudulent claims.

With the ongoing cost-of-living crisis is likely to increase fraud, only 32% of brokers

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The growing role for brokers in fighting insurance fraud

With reports of fraud escalating in terms of value or number, the role of brokers in combatting these crimes should not be underestimated. Edward Murray looks at the controls, validation tools and processes being implemented to support both detection and prevention.

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