Utility and ghost broking motor fraud up 64% at Aviva – Insurance coverage Age

0
30
Utility and ghost broking motor fraud up 64% at Aviva – Insurance coverage Age

Aviva noticed fraud on greater than 51,000 motor coverage purposes final 12 months, up 64% on its 2022 detection figures, the insurer has revealed.

The supplier detailed the numbers included insurance policies bought by ghost brokers.

Ghost broking has been a high-profile drawback for the insurance coverage trade in recent times. This Spring cops from the Insurance coverage Fraud Enforcement Division served 9 stop and desist notices over a two-week interval to assist sort out ghost brokers.

Aviva’s replace got here because it reported a 39% improve within the variety of claims declined because of fraud in 2023.

The whole lined greater than 11,000 suspect claims value

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here