Ghost broking cases jump nearly a quarter at Action Fraud in 2024

ghost broker

Action Fraud received 817 reports of ghost broking in 2024, a 24% increase on the previous year, the organisation has confirmed.

The rise in reports to the UK’s national reporting centre for fraud and cybercrime also showed, as first revealed by Sky News, a 30% increase since 2019 (see box).

The service is run by the City of London Police working alongside the National Fraud Intelligence Bureau.

It calculated that the average cost of the scams last year was £2,207, in line with the average £2,028 lost by victims of ghost broking five years ago.

The statistics are based on reports and information provided by the public via

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Biba 2025 Countdown: Beazley’s Sam Franks

Sam Franks, country manager and head of partner engagement for the UK & Ireland at Beazley, promises plenty of pink and underwriters on its stand; offers advice about how brokers can differentiate themselves from their peers in the market; and looks forward to being energised and reconnected after the event.

Biba 2025 Countdown: BluNiche UK’s Ed Mitchell

Ed Mitchell, head of BluNiche UK points to some exciting new product developments; suggests Manchester Art Gallery for a meeting with a difference; and hopes that they leave with fewer giveaways than they came with.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: