Fraud across public and private sectors costs £38bn

New figures show insurance fraud remains a major concern for the industry costing £2.1bn per annum.

The National Fraud Authority, which published its second Annual Fraud Indicator (AFI) today, estimates fraud is costing the UK over £38 billion a year.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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