The ABI claimed the "net is tightening on insurance cheats" as figures were published showing a dramatic rise in detected frauds.
The survey found that fraudulent insurance claims being detected by the insurance industry have risen to £3.5m a week, an increase of 95% from 2002.
The ABI said this increase reflected the additional resources, new fraud detection techniques and sharing of information between insurers.
Chris Hannant, head of financial crime prevention for the ABI, said: "Contrary to what some people think, insurers are not soft targets for fraudsters, and that is good news.
"As well as weeding out the opportunistic cheats, the industry is also tackling the more organised frauds. Insurance cheats not only face the increasing risk of getting a criminal record, but will find future insurance and credit much more expensive and harder to obtain."
Frauds uncovered by the ABI study ranged from deliberately smashed
TVs, invented burglaries, and faked personal injuries to highly organised scams.