A BIBA broker's guide to fraud: Legal and regulatory obligations

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The cost of general insurance fraud is estimated at £1.3 billion for detected fraud, with a further £2.1 billion undetected. This increases the cost of insurance for every UK household by £50 because the costs of fraud are ultimately covered by consumers through their premium payments.

This supplement covers the insurance fraud landscape and what brokers need to do to meet legal and regulatory obligations.

Topics covered:
• Fraud prevention: regulatory obligations.
• The insurance fraud landscape.
• Dishonest claims and qualified one way costs shifting.
• Noise induced hearing loss claims.
• Data sharing to combat fraud.