Blog: Private prosecutions in the fight against insurance fraud

fraud

Law firm EMM reports that £1.2bn in dishonest claims were recorded in 2018 and details how providers are hitting back.

In 2019, CIFAS, the UK’s fraud prevention service reported a 27% rise in false insurance claims across the UK in the prior year.  The Association of British Insurers (ABI) reports the total number of fraudulent claims and applications detected in 2018 to be 469,000, a 3% increase in prevalence from 2017 and a 6% increase in value from 2017.  In 2018, dishonest insurance claims were valued at £1.2bn and in 2019 the average insurance scam had a value of £12,000 with 1,300 insurance scams being

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.

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

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

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: