The City of London Police’s Insurance Fraud Enforcement Department (IFED) has detailed a 61% increase in opportunistic fraud cases between March 2022 and April this year, although only a small portion of these cases related to protection fraud.
Responding to a request for information from COVER, an IFED spokesperson confirmed that only 4.5% of opportunistic fraud cases reported to the department during the time period related to life insurance products. The IFED also confirmed it had not received any reports of such fraud relating to health insurance or other forms of protection cover, such as critical illness or income protection. In a warning to the general public to be aware of the risks associated with opportunistic fraud, the IFED released statistics showing a 61% year-on-year rise in this activity compared to the previ...
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