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Insurance Fraudsters: A study for the ABI.

Gill, M., Randall, A. (2015) Insurance Fraudsters: A study for the ABI. Perpetuity Research & Consultancy International (PRCI) Ltd, 63 pp. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:50246)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
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Abstract

Previous studies of insurance fraud have perceived the crime as easy to commit, easily justified by those who do so (seeing insurers as ‘fair game’), and with a low chance of detection. Police interest has typically been perceived to be low.

The offences discussed by opportunistic insurance fraudsters were characterised by being spur of the moment decisions with little planning (and therefore involving no direct attempts to target an insurer), but being instigated because of a chance occurrence and a need and/or desire for money.

Given the lack of planning, the fraudsters did not consider the risk factors; concerns about getting caught before the offence took place did not feature prominently.

In acting quickly and without thought insurance fraudsters made mistakes. They were subsequently caught due to a variety of factors, including good work by insurers and the police. Some claimed they did not understand their policies.

reminding the public generally and policyholders specifically that insurance fraud has consequences and is not a victimless crime.

Lee became a ghost broker principally because it provided an easy way of deceiving people without them realising it. He exploited a range of loopholes including ignorance and carelessness amongst those he sold policies to.

Perpetuity Research and Consultancy International Ltd his inside knowledge with the help of colleagues and a friend who permitted fraudulent claims on his policy.

Alan was caught up in the police response to an organised gang of insurance fraudsters. He was innocent of the organised offences although he pleaded guilty to involvement in a different

The case studies highlight the ways in which fraudsters exploit public ignorance and carelessness and lax policies and practices by insurers, and the dangers for those who come too close to organised offences.

They highlight the importance to those responsible for prevention to be continually on their guard, and on the ball, as offenders seek and exploit a range of easy opportunities.

Item Type: Research report (external)
Subjects: H Social Sciences > HG Finance
K Law > K Law (General)
Divisions: Faculties > Social Sciences > School of Social Policy Sociology and Social Research > Centre for Health Services Studies
Depositing User: Tony Rees
Date Deposited: 20 Aug 2015 14:24 UTC
Last Modified: 29 May 2019 15:56 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/50246 (The current URI for this page, for reference purposes)
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