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Insurers better than most at tackling fraud

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The insurance industry's £2.1bn of fraud is the biggest slice of the financial services sector's £3.5bn total and more than twice the size of its nearest rival mortgage fraud (£1bn), according to the government's National Fraud Authority.

The figure also dwarfs the £1.6bn in benefits and tax credits fraud that the government faces.

However, insurance fraud remains a tiny amount compared with other private sector frauds such as £16.1bn

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