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ABI publishes report on fraudulent claims valued at £1.1bn in 2023

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Published on: 25 September 2024
Published by LNB News

LNB News 25/09/2024

Document Information

Issue Date: 25 September 2024

Published Date: 25 September 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Association of British Insurers (ABI) has reported that there were 84,400 fraudulent claims in 2023 which topped the previous year by 11,800 with claims of ‘exaggerated loss’ surfacing as the most prevalent type, valued at £407m, whereas motor insurance claims were worth £501m, an increase from 2022.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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