Insurance fraud on the rise in the UK

The Association of British Insurers (ABI) has detected 84 400 fraudulent claims in 2023 for a total cost of 1.1 billion GBP (1.4 billion USD), up 4% over one year.

The motor sector remains the most affected by this problem, with 45 800 suspicious cases reported, costing 501 million GBP (659 million USD). This activity is followed by the property damage business, which recorded 143 million GBP (188.1 million USD) in losses linked to fraudulent claims in 2023.