Insurance fraud up six-fold on 2006

internetfraud

The figures revealed that 12 in every 10,000 insurance applications and claims in 2012 were fraudulent, up 7% compared with 2011 and six times the rate in 2006, when 1.85 out of 10,000 applications and claims was fraudulent.

The rate of insurance fraud has increased each year since 2006, except in 2010 when it showed a slight decline, going from 9.32 out of 10,000 in 2009 to 8.89 out of 10,000.

However, the annual fraud report also found that, in 2011, fraud detected jumped again to 10.92 out of

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