Insurance scams totalling £1.1bn detected in 2022
The value of the average insurance fraud case rose by 20% to £15,000 in 2022 according to the Association of British Insurers.
The ABI’s figures also show a 19% drop in the number of insurance scams that were uncovered in 2022, compared to the preceding year.
The data paints a similar picture to recent years, and the ABI pledged that there would be “no let-up” in its crack down on insurance fraud.
The most recent figures show that 72,600 fraud cases were reported in 2022, with the number of opportunistic frauds falling by 18% to 63,000 cases.
These latest figures highlight that some fraudsters are aiming big. This
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