Fraud
Insurance fraud hits £1.34bn as criminals target bigger payouts
The value of insurance fraud detected by insurers jumped 14% to £1.34bn in 2025, despite the number of fraudulent claims falling, according to the Association of British Insurers.
Insider fraud demands a joined-up insurance response
Nick Burgess, head of professional and management risks at Markel UK, lays out the connected pitfalls and the solutions brokers need to consider to support clients’ organisational resilience in the fight against insider fraud.
Blog: AI fraud is becoming a broker problem, not just an insurer problem
AI-generated documents extend the risk of fraud beyond claims settlement to the application and quote stages. Oleh Petrivskyy, founder and CEO of Binariks, explains why insurance distribution needs its own authentication mechanisms and offers four low…
IFED warns of identity data theft risk in crash for cash escalation
The Insurance Fraud Enforcement Department has warned scammers are using ever more aggressive tactics in crash for cash fraud, with a growing threat of identity theft.
Motor insurance payouts hit record £3.2bn in Q2
Insurers paid out a record £3.2bn to support motor insurance customers in Q2 2026, according to the latest data from the Association of British Insurers.
Blog: Clone wars - could you spot a fake broker site?
Fraudsters are building cloned broker websites that often look more professional than the genuine ones they are copying. Rosie Simms explores how real firms could fight back.
Brokers Alec and Robert Finch banned by the FCA
The Financial Conduct Authority has banned a broking father and son following fraud and misuse of client money.
FCA sounds the alarm on cloned Colchester broker
The Financial Conduct Authority has reported fraudsters have been impersonating Colchester-based Gate Insurance with a clone, in a warning issued yesterday [20 July].
FOI: Brokers make up almost 50% of cloned firm warnings over past decade
The Financial Conduct Authority has warned of 48 personal and commercial lines insurance intermediary clones in the past 10 years, a Freedom of Information by Insurance Age has revealed.
Ifed teams up with Nominet in battle against fake insurance websites
The Insurance Fraud Enforcement Department, part of the City of London Police, has teamed up with UK domain registry Nominet in the fight against spoof insurance websites.
FCA brings fighting financial crime under the microscope for brokers and insurers
The Financial Conduct Authority has pinpointed risk assessment, policies and procedures as areas for insurers and brokers to improve in the fight against financial crime.
Fraud website latest addition to growing list of FCA fakes
The Financial Conduct Authority has warned of a fraudulent and dangerous website in its third alert in three months about scammers impersonating it.
Aviva reveals further rise in prevented ghost broking fraud
Aviva detected more than 105,000 fraudulent insurance applications in 2025, with a growing proportion of this activity linked to ghost broking.
Northern Ireland aggregator alerts drivers on ghost broking signs
Aggregator CompareNI has reported 49% of Northern Ireland drivers admitted they could not spot a fake insurance policy as it urged motorists to lookout for the telltale signs of ghost broking.
Intact’s head of financial crime Sumner set to exit
Intact Insurance UK’s director of counter fraud and financial crime, Adele Sumner, will be leaving on 30 June after 27 years at the provider.
Top 100 UK broker joins the Insurance Fraud Bureau
The Insurance Fraud Bureau has added Tempcover to its membership, integrating the specialist broker’s data into the anti-fraud network.
FCA warns young drivers not to be left on the roadside by ghost brokers
The Financial Conduct Authority has warned 17-25 year olds on ghost broking scams as research finds half of young drivers have bought insurance through social media or messaging apps.
FCA warns firms of fake texts in two-step bank details scam
The Financial Conduct Authority has sounded the alarm about scam MyFCA text messages and has urged firms not to share any information including bank details.
Dayinsure joins IFB
Top 100 UK broker Dayinsure has joined the Insurance Fraud Bureau as its first new member of 2026.
FCA warns on fake letters
The Financial Conduct Authority has warned of fake letters claiming to be from deputy CEO Sarah Pritchard and referencing a fake FCA employee.
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.