Crime numbers that show a decline in insurance fraud are not likely to be representative, the Insurance Fraud Bureau has warned.
Numbers from the Office for National Statistics, released on Thursday, show insurance fraud reported to Action Fraud as falling 46% from 1,771 to 945.
However, the Ben Fletcher, director of the IFB said the numbers were mostly only from complaints from members of the public and small to medium business.
“Those statistics are likely to be a small sample of cases,” he said. “I don’t they provide a true representation of how big a problem insurance fraud is.”
Fletcher said the industry is working with the National Fraud Intelligence Bureau, which runs Action Fraud, to develop a bulk reporting tool.
He added: “We are discussing that with them, but as yet that tool does not meet the industry’s needs.”
- Aviva promises to 'reinvent' insurance and end dual pricing
- Brightside winds up lawsuits under Brendan McCafferty
- Government call for evidence over discount rate revision
- Analysis: How most favoured nation clauses fell out of favour
- Gallagher acquires South West commercial broker
- ABI confirms summer heatwave caused record-breaking subsidence surge
- Gallagher opens new Eastern regional office