News

Fraud in H1 2024 being driven by casualty and ‘large increase’ in commercial claims – Allianz

By 2024-09-05T06:00:00

Listening ear yellow lady

’There’s a dire need for us to keep raising awareness, because brokers are almost crying out for support [from insurers],’ says head of counter fraud

Insurer Allianz UK has noted a marked increase in fraudulent casualty claims in the first half of 2024 (H1 2024), with a noticeable uptick in those involving noise induced hearing loss.

The insurer has also noted a “large increase” in commercial application fraud in H1 2024, with a particular trend of fake or cloned businesses submitting fraudulent applications for insurance. 

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