Insurance Age

Criminal activity against businesses increases

Criminal activity against businesses has increased dramatically in recent times according to the latest findings from Axa's Business Crime Index. The index, which is based on Axa's own claims database, shows that the number of claims settled as a result of criminal activity in the last quarter of 2004 rose by over 22% (22.76%) when compared to the previous quarter. During the last three months of 2004, the average crime related business claim settlement was around £3,500.