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

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Meet the MGA: Onda

Launched into the UK in October, chief underwriting officer Alex Jomaa explains why managing general agent Onda is on a mission to simplify and demystify cyber insurance for both brokers and customers alike.

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