Skip to main content

Experts warn that cost of living crisis could increase ghost broking cases

ghost broker

The sky-rocketing cost of living and the longer term economic effects of the pandemic could lead to an increase in ghost broking, experts have warned.

According to Markerstudy head of fraud, Clare Lunn, the cost of living crisis could see families looking to cut household bills wherever they can and offers from ghost brokers to reduce car insurance premiums could become tempting for many.

She added that Markerstudy is continuing to see an increase in ghost broking and warned that they have become more sophisticated.

Lunn commented: “Their adverts look very convincing, so I can understand why people fall victim to it. I think they are also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Biba 2026 Countdown: Bspoke’s Kieran Molloy

Kieran Molloy, underwriting manager at Bspoke, believes the spontaneous Biba meetings are often the most valuable and describes the perfect insurance all-rounder as someone with a never-say-die attitude who can win when everything is stacked against them.

Hiscox maintains UK expansion pace in Q1

Hiscox UK grew written premiums by 8.9% to £181.2m in the first quarter compared to the same period the year before, underpinned by “strong double-digit” growth in its art and private client arm.

Axa makes triple May moves

Axa Insurance UK’s partnership with Commercial Express has gone live, as the insurer also enhanced its risk management proposition for fleets and rolled out a 24/7 commercial motor claims reporting service.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: