Insurance fraud is a much-discussed topic and an ever-evolving crime. As fast as our sector finds ways of identifying, combatting and addressing the actions of fraudsters, these criminals find new ways to target innocent insurance customers costing us and them billions of pounds.

In our latest BIBA Brokers' Guide, published in conjunction with law firm DAC Beachcroft, we take a look at the opportunist nature of fraud during the Coronavirus pandemic and at trends in both criminal activity and fraud prevention.

The guide includes:

Covid-19 lockdown and fraudsters
Property fraud
Fighting insurance fraud
Future fraud trends
Spoofing unwitting insurance customers
Case studies

View full guide to the insurance fraud landscape

Key insight within this BIBA issue

Oct 20, 2020

No lockdown on insurance fraud

Despite a general UK-wide slowdown in activity during the Covid-19 lockdown, fraudsters have remained active and even exploited the pandemic for their own gain. Challenging economic circumstances have created fresh opportunities for criminals looking to commit fraud through a variety of methods, some of which are examined in this article.

Oct 29, 2020

Fighting insurance fraud

The scale of the fraud problem facing the insurance industry is clear in the most recent annual figures from the Association of British Insurers (ABI). However, the positive news is the high rate of detection, increasingly driven by insurers’ own tools and technologies.

Nov 03, 2020

Future fraud trends

The nature of insurance fraud is constantly evolving as criminals devise new and insidious ways to deceive insurance companies and the general public for illegal financial gain. Read the final article in the BIBA broker guide on insurance fraud.

Other guides available here:

Digital
technology

Sustainability

Legal
round-up

Engineering inspection and maintenance

Claims inflation trends

Employee liability insurance

Business interruption insurance

The future of motor insurance

Press release

Allianz Commercial welcomes new head of London region

Allianz Commercial has appointed Rob Carslake as its new head of London region for mid-market. Rob is responsible for the leadership of Allianz’s London region, shaping the business strategy for the region and delivering on its underwriting goals.

Press release

Crash hour: car accidents peak around the 3pm school pick-up, warns Allianz

The 3pm afternoon rush, when many parents do the school pick-up, is the most likely time to have a car accident according to the latest data from insurance provider Allianz.

Press release

The UK Broker Awards 2024

The UK Broker Awards 2024 have revealed their shortlist and we’re thrilled to be nominated for three UK Broker Awards! The vote is now over to you, voting closes at 5pm on Tuesday 10, September.

Press release

Allianz UK creates new sustainability leadership role

Allianz has announced Bethany Thomas as the head of sustainability in a newly created role that centralises Allianz UK’s sustainability strategy.

Press release

Allianz launches essentials cover for UK motorists

Insurance giant Allianz is providing more choice to UK motorists with the launch of a brand-new car essentials insurance option. The offering is the insurer’s third launch in under a year, and part of Allianz’s UK growth strategy to cement the brand as a household name.

Press release

It's a cracking problem as windscreen claims rise 17%

The cost to fix a chip or replace a windscreen has increased year-on-year according to Allianz’s personal lines business. So far in 2024, the insurer spent an average of £327 per windscreen claim, which has risen from £308 in 2022, a difference of £19.

Press release

What is index linking?

Index linking is the amount applied to insurance policies by insurers, designed to safeguard the sum insured against changes in the economic environment.

Press release

Allianz launches new home insurance product for UK customers

As part of its UK growth strategy Allianz has launched a brand-new three tier home insurance product to provide more choice for UK homeowners.

Press release

Three issues that impact the solar industry: Mounting, Monitoring and Maintenance.

There are three issues that impact the long-term productivity and sustainability of the solar industry - Mounting, Monitoring and Maintenance. We explain what these issues are, and how to minimize the risk.

Press release

Repairing the skills gap

A shortage of skills in the motor repair sector is fuelling claims costs and pushing up motor insurance premiums. As the shortage is exacerbated by the need for new skills to work on vehicles with the latest technology, the industry must work together to plug the gap.

Press release

How to reduce the risk of e-bike and e-scooter fires

As more and more people choose to use e-bikes and e-scooters for commuting and personal use, emergency services and insurers are seeing a worrying increase in fires.

Press release

Allianz welcomes Hanna Kam as chief risk officer and Jason Howes as chief transformation officer

Allianz UK has today made two key changes to its most senior leadership layer, welcoming Hanna Kam to the company as chief risk officer, and promoting Jason Howes to chief transformation officer.

Press release

Insurance fraud skyrockets with motorbike 'crash for cash' claims up 60-fold

Allianz’s personal lines business has reported a sharp increase in insurance fraud, particularly in 'crash for cash' fraud involving motorbikes and scooters. The insurer's data indicates that crash for cash has increased a staggering 60 times in 2023.

Press release

Allianz reveals biggest threats facing SMEs in 2024

New research by Allianz Commercial has found that inflation continues to be the biggest threat facing small and medium-sized enterprises (SMEs) in 2024. The recent survey of 500 SMEs revealed the top three threats and challenges.

Press release

Allianz appoints mid-market head of client relationship management

Allianz Commercial has appointed Faith Kitchen to the position of head of client relationship management for mid-market.

A BIBA brokers' guide to the

Insurance fraud landscape

Key insight within this BIBA issue

No lockdown on insurance fraud

Fighting insurance fraud

Future fraud trends

Other guides available here:

You might also be interested in

Allianz Commercial welcomes new head of London region

Crash hour: car accidents peak around the 3pm school pick-up, warns Allianz

The UK Broker Awards 2024

Allianz UK creates new sustainability leadership role

Allianz launches essentials cover for UK motorists

It's a cracking problem as windscreen claims rise 17%

What is index linking?

Allianz launches new home insurance product for UK customers

Three issues that impact the solar industry: Mounting, Monitoring and Maintenance.

Repairing the skills gap

How to reduce the risk of e-bike and e-scooter fires

Allianz welcomes Hanna Kam as chief risk officer and Jason Howes as chief transformation officer

Insurance fraud skyrockets with motorbike 'crash for cash' claims up 60-fold

Allianz reveals biggest threats facing SMEs in 2024

Allianz appoints mid-market head of client relationship management

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