Ghost broking victims almost double in 2025
The number of victims of motor insurance ghost broking scams leapt by 93% in 2025, according to analysis by Synectics Solutions, as it called for greater cross-organisation intelligence sharing.
Victims were predominantly male (70%), aged 50–65 (62%), and often in lower-premium postcodes, which Synectics claimed demonstrated deliberate targeting.
The fraud prevention technology and risk intelligence provider added the scale and persistence of ghost broking, fuelled by identity reuse, is creating a growing challenge for insurers.
In the Signals insight report, the firm found 66% of stolen IDs linked to ghost broking are reused, significantly higher than the 19% average for fraud in general
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
Hyams to return as Claims Consortium Group CEO as Brady exits
Claims Consortium Group has revealed Matt Brady will be stepping down as CEO with its inaugural CEO, Jeremy Hyams, returning to the role.
Catlin steps down with Le Blanc named Convex chairman
Stephen Catlin is stepping down as chairman of Convex, staying with the business as a director, with Bobby Le Blanc succeeding him.
The stats: Commercial rates continue to fall in Q4 2025
The latest Acturis Commercial Broking Index confirms softer market conditions, as negative movements in Q4 led to rate stabilisation for the full year and put a stop to a six-year growth period. Ida Axling reports.
Aviva unveils ChatGPT insurance app
Aviva is set to launch an app on ChatGPT where customers can get an initial home insurance quote in just a couple of minutes.
Walker to lead Axa’s combined commercial and retail business following restructure
Axa UK & Ireland has created a general insurance business, Axa Insurance UK, with Jon Walker leading the unified UK commercial and retail business units as CEO.
Dual UK enters credit risk insurance market
Dual UK has rolled out long-term credit risk insurance with an AA- rated policy it claimed can support cross-border trade.
Top 100 broker Principal grows motorcycle book buying Europa
Principal Insurance has bought Bristol-based broker Europa Group, racing into the top five intermediaries in the motorcycle market.
Amiga Specialty adds more financial institutions capacity
Managing general agent Amiga Specialty has added capacity from Axa XL to its financial institutions arm.