Allianz UK reveals detected fraud up 10% to £157m
Allianz UK has confirmed it uncovered 33,027 instances of insurance fraud worth a total of £157.24m in 2024, up 10% on 2023.
The insurer calculated the latest level was equivalent to 90 frauds a day and £430,000 per day.
It listed the detected claims fraud spanned personal, commercial and specialty lines – where people deliberately inflated or invented insurance claims – worth more than £141m.
Application fraud from potential policyholders providing false information topped more than £15m.
Ghost brokingAllianz cited trends such as increasing levels of policy abuse, misrepresentation and ID theft, including a high number
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