Insurance fraud valuations rise despite fall in volumes: ABI

The ABI's data found a year-on-year drop in overall number and cost of fraudulent claims in 2021, although the increase in average value was driven by a smaller fall in total value. Last year, compared to 2020, the number of fraudulent claims detected at 89,000 fell by 5% to the lowest since 2007, according to the ABI. The total value of £1.1 billion dropped 2% to the lowest level since 2012.  Fraudulent motor claims were the most common in 2021, despite a fall in total volume and value. The ABI highlighted a number of exposed fraudulent cases, including that of a woman who was ...