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UK Insurance Fraud Attempts Drop 16%

This article from Insurance Daily states that there has been a decline by 16% in attempts to commit insurance fraud in the UK between April and June 2012 according to Experian (an information and data company).

Research taken place by Experian found 10 out of every 10,000 insurance policy applications were fraudulent during the three month period.

86% of the attempted fraud was by people using their real identities but providing false or misleading information for other matters.

This decline of 16% of people attempting insurance fraud follows a massive 37% rise in it during the first three months of 2012.

The financial sector more generally has also seen a more modest decline in attempted fraud of 3% during the same period.

 

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