Allianz UK has confirmed it uncovered 33,027 situations of insurance coverage fraud value a complete of £157.24m in 2024, up 10% on 2023.
The insurer calculated the most recent degree was equal to 90 frauds a day and £430,000 per day.
It listed the detected claims fraud spanned private, business and specialty strains – the place folks intentionally inflated or invented insurance coverage claims – value greater than £141m.
Software fraud from potential policyholders offering false data topped greater than £15m.
Ghost broking
Allianz cited tendencies akin to rising ranges of coverage abuse, misrepresentation and ID theft, together with a excessive quantity
Solely customers who’ve a paid subscription or are a part of a company subscription are in a position to print or copy content material.
To entry these choices, together with all different subscription advantages, please contact info@insuranceage.co.uk.
Copyright Infopro Digital Restricted. All rights reserved.
Chances are you’ll share this content material utilizing our article instruments. As outlined in our phrases and situations, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised Person might solely make one copy of the supplies for their very own private use. It’s essential to additionally adjust to the restrictions in clause 2.5.
If you want to buy further rights please e-mail info@insuranceage.co.uk
