According to the latest figures from the Association of British Insurers, what used to be referred to simply as theft but is now more accurately referred to as fraud, costs insurers £1.9bn a year.
In an industry where there is often little unanimity, the rising level of fraud is one thing everyone can agree upon. And fraudulent claims are not only burning a hole in the pockets of the insurers - they bump up every individual's premium by an uncomfortable £44.
Experts may claim the recession has h
- Aviva pulls agency with GRP
- Amazon “working with” UK brokers and insurers
- City Insurance Brokers and Compass launch profit insurance scheme
- Hiscox updates cyber and data insurance product
- Video: GDPR – Future proofing your business: Don’t panic!
- AIG warns of rise in data breaches as GDPR comes into force
- Launderette-based insurance ghost brokers jailed