In 2023, the National Fraud Database recorded a new case every two minutes, on average. Ongoing uncertainty surrounding the UK economy and the rise in the cost of living provide fractures that organised criminal gangs can exploit. Meanwhile, financial difficulties can sometimes lead individuals to take desperate measures, committing fraud to generate income. 

CRIF Insurance Fraud UK

Identity fraud represented 64% of filings at 237,642 cases and continues to be the leading case type recorded to the NFD. An increase of 12% was seen across personal bank accounts.

Topics covered include:

  • Market Evolution: Trends and shifts in fraud cases post-COVID.
  • Identity Fraud: Leading case type and growing threats from AI.
  • False Application: Variations across sectors and implications of the cost-of-living crisis.
  • Anti-fraud Solutions: Tools to enhance fraud detection and prevention.

Learn more about the evolution of fraud and how to combat it.