£1.3bn of dishonest claims found in 2016

stamping-out-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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