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Insurers unveiled 107,000 fraudulent insurance claims in 2019

By 2020-09-07T07:23:00

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This equates to a new insurance scam being uncovered every five minutes, totalling around 300 fraudulent claims a day

New figures published by the ABI reveal that insurers discovered a total of 107,000 fraudulent insurance claims in 2019, worth approximately £1.2bn – this is a 5% increase on the fraudulent claims detected in 2018.

This equates to a new scam being revealed every five minutes last year, amounting to around 300 fraudulent claims a day and 2,000 dishonest applications – these daily fraud attempts are worth £3.3m, according to the trade association’s annual insurance fraud statistics, published today (7 September).

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