Many Brits do not think fraud is wrong, research suggests
16 May 2008
A total of 1.2 million Brits do not think it is wrong to tell a lie when making an insurance claim, according to a new study from RSA.
John Beadle, counter-fraud manager at the firm, explains that the victims of such untruths are honest policyholders, adding that fraud increases insurance bills by an additional five per cent.
However, those who carry out insurance fraud may find it more difficult to get away with in future, he states, noting that it will soon be possible to monitor fraudulent activity across a range of financial products.
Free mortgage quote
"So if a person commits fraud on an insurance claim and is detected, other financial services companies - such as mortgage lenders and credit card providers - will know and that will have an impact on the success of their application," Mr Beadle concludes.
In related news, the British Insurance Brokers' Association recently stated that a new enforcement agency aimed at cracking down on uninsured motorists will be launched in 2009.
Best buy credit cards
