Dyman Associates Insurance Group of Companies: Detected insurance fraud at record high, says ABI

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More than £1.3bn of bogus insurance claims were detected in 2013 according to figures published today by the Association of British Insurers, with claims car insurance making up a majority of this amount.

Fraud detected across the industry is now at the highest level ever following the 18% rise compared to the previous year, the trade body said.

Insurers detected a total of 118,500 fake or exaggerated insurance claims, equivalent to 2,279 a week across the year. The average fraud detected across all types of insurance products was £10,813.

Fraudulent motor insurance claims were the most expensive and common, with the number of dishonest claims at 59,900 claims up 34% on 2012 and their value up 32% to £811m.


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