Allianz reports Q1 rise in fraudulent claims
Allianz Insurance says it has seen a steep first quarter rise in detected insurance fraud claims compared to the same period last year.
The number of fraudulent claims identified and declined by Allianz has almost doubled over the same period last year, saving the company and honest policyholders more than £5m.
The fraud detected has been across both the commercial and personal books of business and includes fraudulent commercial arson and exaggerated business stock claims as well as personal injury claims against businesses by employees and non-employees.
Commenting on the rise in fraud detection, divisional claims manager, Roy
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