UK - Aviva investigating 15,000 suspicious motor insurance claims
Saturday, 06 20 2015, Category: Insurance and Reinsurance, Country: United Kingdom
Organised motor insurance fraud increased by 28% between 2013 and 2014, says Aviva. The insurer said the value of fraud increased from £30m in 2013 to £38m in 2014, and it currently has more than 15,000 “suspicious claims” under investigation.
Tom Gardiner, head of fraud at Aviva, said insurance fraud had implications for premiums.
“Our figures show that insurance fraud remains a significant and complex challenge, but the biggest threat to customers continues to be fraudulent motor claims, which puts innocent motorists at risk of physical harm, while pushing up premiums for everyone,” he said.
Gardiner said Aviva paid out more than more £2.3bn for 873,000 claims in 2014, but that one in nine motor whiplash claims were “tainted by fraud”.
Source: The Actuary