Fraudulent claims at record high
Research by Ordnance Survey reveals that insurance fraud is continuing to rise above the record levels seen in 2008, writes Emmanuel Kenning.
A STUDY carried out by Ordnance Survey revealed that 74% of the UK's leading insurance fraud investigators have seen an increase in fraudulent claims since the beginning of 2009, and the problem shows no sign of abating. In fact, 80% of respondents predicted the situation will get worse in the next 12 months, with the credit crunch fuelling fraudulent claims.
Bogus claims have risen, with over half - 57% - of fraud investigators surveyed reporting an increase; 54% have seen inflated claims. The
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 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.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
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. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Wakam receives PRA approval for new £500m GWP UK insurer
- Aviva’s David Martin on the art of the possible
- Brokers push for more from RSA/NIG