Insurance fraud could reach £2.5bn in 2010, says Experian
General insurance fraud losses could reach £2.5bn during 2010,according to global information services company Experian.
Experian's latest Insight Report, reveals that attempted fraud against UK financial institutions and their customers is on the increase and that the nature of the threat is rapidly evolving.
It said that insurance fraud rates almost doubled in the final quarter of 2009, from nine detected frauds in every 10,000 applications in quarter three, to 16 in quarter four.
With uncertainties over the economy likely to result in unemployment remaining higher for longer, Experian estimates that general
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