Allianz Commercial reported a significant increase in detected claims fraud for the year 2023, with the figures reaching £77.4 million, up from £70.7 million in the previous year.

The insurer also reported savings of £1.95 million from application fraud, attributed to the ongoing cost-of-living crisis, which is believed to be exacerbating financial pressures on businesses, consequently elevating the risk of insurance fraud.

https://www.insurancebusinessmag.com/uk/news/claims/allianz-fraud-savings-in-claims-hit-nearly-80-million-in-2023-476837.aspx