Property fraud is on the rise: the City of London Police’s Insurance Fraud Enforcement Department reported last year property claims represented the second-highest incidence of opportunistic fraud, accounting for 29% of fraudulent claims reported in the UK.
While this includes household claims, the commercial property sector is also significantly at risk from the increased rate of commission.
What are some of the factors contributing to this changing fraud landscape and how can insurers mitigate the threats posed by fraudsters?
https://kennedyslaw.com/en/thought-leadership/article/2024/insurers-must-turn-detective-to-combat-rise-in-property-fraud/
