Help and Contact
Search
Help and Contact

A BIBA brokers' guide to the

Insurance fraud landscape

Posted: 12 October 2020

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 

Key insight within this BIBA issue

consulting files

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.
Read more

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.
Read more
data

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.
Read more

You might also be interested in

EV charging
EV charging

Insight

Living with Evs: considerations for fleet managers and motor traders

For Fleet Managers and Motor Trade operators, living with EVs brings new challenges and opportunities.

Find out more Living with Evs: considerations for fleet managers and motor traders
People talking in a meeting
People talking in a meeting

Insight

Directors and Officers: Risks and insights 2026

A complex economic environment and a constantly evolving risk horizon present challenges for anyone running a business.

Read more about Directors and Officers: Risks and insights 2026
Cyber risk
Cyber risk

Insight

The top risks for UK businesses in 2026

The Allianz Risk Barometer is an annual global report identifying the most important corporate concerns for the year ahead. It’s based on the insight of over 3,300 risk management experts from more 97 countries and territories.

Read more about the Allianz Risk Barometer 2026
Storm conditions
Storm conditions

Insight

Weathering the storm: construction risks

Having a robust risk management strategy in place can help to minimise disruption and expense, whatever the weather.

Find out more weathering the storm
london bank
london bank

Insight

Top 5 trends in the construction insurance market

The construction industry is constantly evolving, and with it, so is the insurance market that supports it. From the way projects are insured to the technologies shaping new builds, insurers must adapt quickly to keep up.

Read about the top 5 trends in construction insurance
man on an ipad near cars
man on an ipad near cars

Insight

Designing vehicle risk ratings fit for the future

Now, as the motor industry enters its most transformative era ever, the insurance industry is responding by reviewing how we rate vehicles to ensure we are prepared for the vehicles of the future.

Find out more about designing vehicle risk ratings

Insight

Truth matters: How to spot and stop motor fraud

Learn how to spot and stop motor fraud, keeping coverage honest and trust intact with practical strategies.

Read more about spotting motor fraud

Insight

Home truths: Avoiding misrepresentation in insurance

Help customers avoid misrepresentation in home insurance with clear guidance, transparency, and handy tools for smooth claims and happy outcomes.

Read more about misrepresentation

Insight

Don’t get haunted by fraud: Spotting ghost brokers

Learn how to spot ghost brokers and protect your customers from fraudulent motor insurance policies with practical advice.

Read more about spotting ghost brokers

Insight

Don’t take the bait: How brokers can outsmart phishing scams

Learn how brokers can outsmart phishing scams with strategies to protect sensitive data and enhance cybersecurity.

Read more about phishing scams

Insight

Fake staff, false claims: How to spot and stop insurance scams

Staff impersonation and fraudulent claims processing are deceptive practices where individuals pose as legitimate employees or manipulate claims to extract money or benefits unlawfully. These tactics can severely impact brokers, leading to financial losses and reputational damage.

Read more about fake staff, false claims
man and woman looking at car
man and woman looking at car

Insight

Crash for cash: unmasking the tricks behind exaggerated claims

'Cash for crash' schemes are becoming more common in the insurance world. These involve exaggerated claims after planned accidents, creating problems for insurers, brokers, and customers. Knowing how these schemes work and communicating clearly with your customers can help reduce their impact.

Read more about 'cash for crash'

Insight

Ransomware: Don’t let cybercriminals hold your business hostage

Ransomware attacks are a growing concern in the insurance world, especially for brokers who handle lots of sensitive information. These attacks involve nasty software that locks you out of your own data until you pay a ransom. Let's dive into the risks and how you and your customers can steer clear of these digital headaches.

Read more about ransomware
Cars on a road
Cars on a road

Press release

Allianz UK signs five-year partnership with Ticker

Allianz UK has announced a new partnership with Ticker - a Managing General Agent (MGA) and one of the UK’s leading providers of connected motor insurance.

Read more
carved pumpkins
carved pumpkins

Press release

Who ya gonna call? Ghost-broker-busters!

Don’t get spooked by ghost brokers this Halloween! Allianz UK is warning motorists to be wary of insurance ghost brokers who fraudulently offer car insurance deals at significantly cheaper prices.

Read more about Ghost broking

Follow us