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Insurers detected £1.34 billion in fraudulent claims
Original: fraud
UK insurers detected £1.34 billion worth of fraudulent claims last year, according to the Association of British Insurers, which warns that fraudsters are increasingly targeting bigger payouts rather than small opportunistic claims. The association says detection methods are improving, but criminal gangs are turning to more sophisticated and higher-value schemes.
Why now: The scale of detected insurance fraud and the shift toward larger, organised schemes is striking news for consumers and the industry.
Association of British InsurersUnited Kingdom
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Evidence
- Lego fraudster among last year's most high-profile insurance scammers · BBC
- Fraudsters target bigger payouts as false claims hit £1.3bn · Insurance Times
- Fraudsters target bigger payouts as insurers detect £1.34 billion of bogus claims · Abi.org.uk
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