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Undetected fraud amounts to £500m predicts Pact Global

By 2020-10-28T09:53:00

fraud (5)

The firm’s research reveals that 59% of respondents would commit fraud because they think they can get away with it

Claims technology business Pact Global believes the ABI’s September fraud figures could have been underestimated by around 40% - instead of fraudulent claims in 2019 amounting to the ABI’s determined £1.2bn, Pact Global believes the true amount is nearer £1.7bn, with around £500m worth of fraudulent claims going undetected.

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