Aviva studies 18% enhance in ghost broking frauds in 2024 – Insurance coverage Age

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Aviva reports 18% increase in ghost broking frauds in 2024 - Insurance Age

Aviva detected an 18% enhance in ghost-brokered insurance policies and linked an extra 8,600 circumstances to open investigations into recognized ghost broking circumstances in 2024.

In whole the insurer reported the variety of fraudulent insurance coverage functions practically doubled from 2023, to greater than 98,000.

These figures observe these reported by Motion Fraud which obtained 817 studies of ghost broking in 2024, a 24% enhance on the earlier yr. It additionally obtained 179 studies of social media automobile insurance coverage scams in 2024, double as many because the yr earlier than.

Though these companies would usually be lined as a part of the shopper’s insurance coverage coverage, as a result of the shopper

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