Learn more

By Saskia Koopman The UK insurance industry identified £1.1bn worth of fraudulent claims last year. Reducing bogus claims is a “top priority” for the industry, which uncovered 84,400 fraudulent claims last year, 11,800 more than in 2022, with an average claim value of £13,000. According to the Association of British Insurers (ABI), these results mark a four per cent rise from the previous year. Approximately 230 fraudulent claims were detected daily, with motor insurance fraud dominating the figures. Motor-related scams accounted for over half of all detected fraud, with 45,800 bogus claims wo…

cuu