Profile of a household insurance fraudster

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There is evidence to suggest that the general public are much more open to the idea of committing insurance fraud compared to other crimes and frauds. Research on the opinions of the general public has found:

- Making up an insurance claim - 37% would not rule out committing in the future, 29% think it is acceptable or borderline and 2% admit to having done it.

- Exaggerating an insurance claim - 47% would not rule out committing in the future, 40% think it is acceptable or borderline and 6% admit to having done it.

- Using someone else's credit card - 26% would not rule out committing in the future, 6% think it is acceptable or borderline and 2% admit to having done it.

Unfortunately, until now there has been little research on those who have submitted fraudulent insurance claims. This research is unique in the sense that it uses a large dataset of individuals who have submitted claims, which could be regarded as fraudulent.

This report will utilise this unique dataset to outline some of the characteristics of household insurance fraudsters.