City of London Police leads nationwide crackdown on ghost broking
The City of London Police’s Insurance Fraud Enforcement Department has led a nationwide period of action targeting ghost brokers in a coordinated crackdown on insurance fraud.
From 19 to 30 May officers carried out a series of targeted operations, resulting in the arrest of two individuals – a 37-year-old woman in Luton and a 22-year-old man in south London. IFED believe both are key players in an organised criminal network involved in the sale of fraudulent insurance policies and the laundering of illicit profits.
‘Ghost brokers’ hide in plain sight on social media, set to catch people unaware with deals that look too good to be true. Stay vigilant when looking for
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Blog: Will service fall after insurer staffing cuts or is this business as usual?
As insurers make staffing cuts, Rosie Simms explores if brokers will see service levels drop or if it will be business as usual.
SSP unveils AI platform to accelerate MGA and insurer product launches
SSP UK and Ireland has launched an artificial intelligence powered product configuration platform designed to speed up product releases by managing general agents and insurers, as it has joined the Managing General Agents’ Association.
Flood Re rolls out consumer campaign
Flood Re has launched a UK-wide educational tour promoting flood resilience and encouraging people to rethink the response to flood risk, with the joint initiative between the government and insurers using “the UK’s largest digital advertising van”.
‘Are you 30?!’: Partners& apprentice Abraham Holder
Partners& apprentice Abraham Holder on why he chose a career in insurance, the perception of the industry among young people and how the broking sector can attract the next generation.
Markerstudy changes continue with retail rebrand
Markerstudy has rebranded its personal lines broking arm to Markerstudy Retail, led by CEO Emma Rawlinson.
MGA Alps expands with contract hire finance shortfall GAP cover
Alps has launched contract hire finance shortfall GAP cover, designed to protect against vehicle finance shortfalls.
Incubator launched to help UK brokers move into Europe
Specialist insurance advisor Pro Global has launched a dedicated European platform designed to support UK-based brokers looking to establish and scale operations across the continent.
HDI Global confirms Hunt as UK and Ireland CEO
Simon Hunt has been confirmed as the permanent CEO of HDI Global UK and Ireland having held the post on an interim basis since February.