Analysis

Insurance sector ‘could become vulnerable’ following new fraud rules

By 2025-09-23T07:00:00

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’Insurers or any of the organisations that fall into scope need to ensure that any suppliers or agents likely to act on their behalf have the relevant controls and processes in place to mitigate the risk,’ says head of fraud

The failure to prevent fraud offence (FTPF) that recently became law in the UK could expose the country’s insurance sector and its clients to vulnerabilities and prosecution, if sufficient action is not taken to comply with the statute and prepare for potential legal challenges.

New rules on failing to prevent fraud came into effect in the UK on 1 September 2025 via legislation introduced in The Economic Crime and Corporate Transparency Act 2023 (ECCTA). 

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