What to do if you suspect fraud
Unfortunately fraud is a frequent problem in the insurance sector and a catalyst for growing costs in premiums.
The ‘Crash for cash’ scam is usually led by sophisticated criminals and costs the industry around £392 million every year.
A dedicated police unit – the Insurance Fraud Enforcement Department (IFED) – exists to protect UK drivers from fraud and identify those illegally profiting from others losses.
Each day insurers uncover 381 fraudulent insurance claims worth more than £2.7 million. That’s 2,670 fraudulent claims a week costing honest customers £1 billion a year. A further £2 billion is estimated to go undetected.
Full details on ‘Crash for cash’ can be viewed via the Insurance Fraud Bureau here -www.insurancefraudbureau.org/files/misc_pdfs/ifb_crash_for_cash_report_online.pdf.
Fraud is costing motorists extra to be on the road – you have a responsibility to report fraud if you suspect criminal activity.
Your submission can remain anonymous, but revealing your identity will help us clarify further details, should we require them.