Skip to main content

The changing face of insurance fraud

The future of fraud may be digital, but the biggest threats facing insurers and their fraud teams today remain surprisingly familiar.

Insurance Post’s latest fraud prevention survey, in association with CRIF, found that exaggerated or inflated claims are creating the biggest problems for insurers, cited by 80% of respondents. But opportunistic claims fraud (44%), application fraud (40%) and staged accidents (39%) are also soaking up huge amounts of capacity.

While the types of fraud are very familiar, the way in which these methods are being used is increasingly influenced by technology, and insurers are rushing to keep up.

This content sheds light on the key findings from the research and why harnessing technology without losing human expertise holds the key to staying one step ahead of fraudsters.

Topics covered include:
• Why traditional fraud is remarkably resilient.
• How technology is changing the rules.
• The ongoing battle between detection and evolving fraud methods.
• Taking a hybrid approach.

Download the research report

Register for free access to hundreds of resources.

Already registered? Sign in here.

 

Your alert preferences

Fraudsters share intelligence every day - why don't insurers?

Today’s criminal networks can share information quickly and exploit weaknesses across multiple insurers. This blog highlights why insurers are struggling to share intelligence effectively and how the industry can turn a willingness to collaborate into a genuinely connected intelligence defence.

Surge in ghost broking spooks insurance sector

Data from Synectics Solutions’ National SIRA intelligence consortium shows a 93% increase in victims of impersonation fraud having their identities used in ghost-brokered policies. This content sheds light on the forces driving ghost broking fraud and the need for stronger cross‑sector intelligence.

Insurance document fraud moves upstream

From fake-damage imagery and forged repair invoices to number plate swaps on photos of genuine accidents, insurers are reporting record levels of claims document fraud driven by AI manipulation. This content explores how AI enabled document fraud is moving beyond claims and into underwriting.

Building an autonomous insurance platform: the future that's already here

Most insurers operate fragmented architecture built over decades for claims, policy management, billing and underwriting. This blog highlights the true cost of operating siloed systems and how technology leaders can close the gap with a single, reusable AI layer that sits on top of core systems.

Infographic: The UK’s rebuild cost gap is changing

In 2026, just 8% of UK properties are insured for the right amount. Based on data from 46,917 rebuild cost assessments completed, this infographic sheds light on the accuracy of building sums insured for residential and commercial properties, plus the top ten most underinsured property types.

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here