UK insurers reported a 6% rise in ghost broking exercise on social media final yr, in line with the Insurance coverage Fraud Bureau, because it warned the specter of individuals being duped would proceed to extend with the expansion of monetary pressure.
The IFB detailed it uncovered as much as 50,000 fraudulent motor insurance coverage insurance policies a yr, with hundreds being linked to ghost broking exercise.
A YouGov discovering revealed one in 5 18-24 yr olds had been now utilizing social media to seek for automobile insurance coverage offers. The IFB labelled it a “prime searching floor for ghost brokers”.
It discovered that TikTok and Snapchat had been among the many hottest websites for the con to happen.
The Normal Insurance coverage Fraud Committee has launched a marketing campaign in partnership with
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