General
September 20, 2016
Insurers detected more than 130,000 fraudulent UK claims in 2015, equivalent to 2,500 a week, according to latest figures produced by the Association of British Insurers (ABI).
The figure is a 6% increase on 2014, but the value of these frauds went down by 3% to £1.3bn, or £25m per week.
ABI’s director of general insurance policy James Dalton said: “Insurance cheats do not lack nerve or ingenuity, which is why there will be no let-up in the industry’s commitment to protect honest customers.
“The chances of getting caught have never been greater, and the consequences, such as a prison.....
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The Actuary, the official magazine of the Institute and Faculty of Actuaries
https://www.theactuary.com/news/2016/09/insurers-uncover-2500-frauds-every-week/
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