Covid-19 pandemic has created ‘an opportune market for ghost brokers’


Industry experts assemble for Insurance Times’s latest virtual Fraud Charter roundtable, identifying the key fraud trends that have emerged as a result of the coronavirus outbreak

The financial hardship resulting from the economic impact of the Covid-19 pandemic has created “an opportune market for ghost brokers” as potential policyholders seek discounts and deals to alleviate financial stress.

Speaking at this month’s virtual Fraud Charter event, held on 28 July 2020, Stephen Dalton, head of intelligence and investigations at the Insurance Fraud Bureau (IFB), explained: “As we’re returning to the roads now, we’re seeing an increasing level of ghost broker activity and clearly, as recession bites and people are looking to save money, it’s an opportune market for ghost brokers who can actively advertise their wares.”

Read more…

(If you’re already a subscriber, please sign in here.)

Get access with a 14-day free trial

This article is usually available exclusively to subscribers.

Subscribe for full access - Take out a print and online or online only subscription

For a limited period, you can enjoy all the benefits of an online subscription free for 14 days. Sign up now to read this article in full and to enjoy unlimited access to premium online content, a digital edition of the latest issue, plus an online archive of back issues.

Also, as a registered user, you will be able to -

  • Access unlimited breaking industry news as it happens
  • Sign up to a choice of daily and weekly newsletters

Register to view free premium content