£1.3bn of dishonest claims found in 2016
ABI figures reveal the scale of organised fraud and warns of opportunistic motor fraud.
According figures from the Association of British Insurers (ABI) “the con is not on” as the sector thwarted £25m worth of fraudulent claims a week in 2016.
This amounts to 2,400 claims a week and £1.3bn across the entire year, the number was down 5% on what was uncovered in 2015 and the value was down 3%.
Overall 125,000 dishonest claims were identified throughout the year.
The ABI analysis found that a focus on stamping out organised fraud, including ‘crash for cash’ staged motor accidents
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