Forum Discussion

Shyam_Bhatt's avatar
Shyam_Bhatt
Icon for Quantexa Team rankQuantexa Team
2 years ago

The changing shape of fraud in the UK market - ABI Fraud Statistics

With the latest release of the ABI fraud statistics, there have been some interesting numbers highlighted. The figures indicate that the total number of fraudulent claims detected fell by 19%. But l...
decision-intelligence
fraud
Insurance
Angel_Allianz's avatar
Angel_Allianz
Icon for Enthusiast II rankEnthusiast II
2 years ago

While part of the rise in value could be due to claims inflation I am wondering about the decline in numbers detected as the economic situation suggest the opposite. It could be that fraudsters using new technology get more claims to be recognized as genuine and at the same time boost the value per claim as Areefih said. It's a concerning trend.