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I think I am a victim of fraud, what can I do?

FraudTackling insurance fraud remains an industry strategic priority. In 2016, insurers detected 125,000 dishonest insurance claims valued at £1.3 billion. It is estimated that a similar amount of fraud goes undetected each year. This is why insurers invest at least £200 million each year to identify fraud.

Insurance fraud cuts across every type of insurance. At one end of the spectrum, fraud may be committed by opportunists, where people encounter an opportunity within their everyday experiences to lives to invent or exaggerate a claim or to deliberately or recklessly provide false information when applying for insurance. At the other end, there are highly organised criminal gangs, for example fraudsters involved in ‘crash for cash’ motor fraud scams.

Insurance fraud is a serious crime which can result in serious consequences for fraudsters who may find their future job prospects impacted, find it harder to obtain insurance and other vital financial services, obtain a criminal conviction and even face the prospect of imprisonment.

Insurance fraud also impacts on society at large as valuable public resources, such as those in the NHS and courts, are spent on dealing with fraudulent cases. And honest policyholders pay higher insurance premiums as the costs of fraudulent claims are passed on to customers.

Insurers remain committed to providing excellent service and paying all genuine claims as quickly as possible. However, fraud remains a significant threat to the industry.
To protect honest customers, the industry has invested, and will continue to invest, significant resources in deterring and detecting insurance fraud.
In addition to improving their own anti-fraud systems, insurance firms fund industry initiatives, including:

Reporting insurance fraud:

Insurance fraud is not a victimless crime. Fraudulent claims drive up prices for honest customers and make your insurance more expensive. By reporting fraud you can help us identify fraudsters and, with the support of regulators and police, bring them to justice.
If you suspect someone of insurance fraud report them to the Insurance Fraud Bureau (IFB) Cheatline by calling 0800 422 0421 or by filling out a form on the IFB’s website.