SOCA Estimate Insurance Fraud at 350 million per year

Organised motor insurance fraud is a growing threat, costing the UK an estimated £350 million annually.

By SmartSearch

SOCA estimate insurance

Organised insurance fraud is a growing fraud threat. It’s estimated that organised motor insurance fraud costs the UK £350 million a year.

The Insurance Fraud Bureau was set up in 2006 in conjunction with the industry to work with law enforcement to combat organised insurance fraud. For information on this and access to their ‘cheatline’, an anonymous way of reporting this fraud, see the links below.

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