Insurance fraud hit £1.3bn in 2013, ABI reveals
Fraud figures up 18% on 2012.
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3bn in 2013, up 18% on the previous year, according to figures from the Association of British Insurers (ABI).
Insurers detected a total of 118,500 bogus or exaggerated insurance claims, equivalent to 2,279 a week, the ABI's research revealed.
The average fraud detected across all types of insurance products was £10,813.
Motor
Fraudulent motor insurance claims were the most expensive and common, with the number of
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