Fraud apathy sends out a message to insurance giants, expert claims

Wed, 04 Apr 2007

Some 21 per cent of people in the UK believe that other citizens exaggerate insurance claims on a regular basis, according to the findings of a new poll from global data solutions provider Experian.

Another finding of the survey was that 91 per cent of people agree with the statement that making a fraudulent insurance claim is a serious issue.

Nevertheless, 86 per cent confessed they were not positive they would report somebody who was known to be making a fraudulent claim on an insurance policy.

David Murby, managing director of Experian's insurance services division, commented on the findings.

"There appears to be a deeply-entrenched impression that insurance fraud is commonplace in the UK, but the desire to do anything about it is not strong," he said.

Mr Murby added that the results underline the need for insurance companies to work together in order to raise awareness of the financing implications of the problem.

Staging accidents is one form of insurance fraud typically perpetrated by organised criminals.

This involves a criminal deliberately crashing their vehicle into another motorist, so they can make an expensive personal injury claim against an insurance company.

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