Around 100 people are being added to an insurance fraud register every week amid concerns that more could be tempted into criminality as living costs rise. The Insurance Fraud Bureau (IFB) said it has seen a 17% increase in people being added to the Insurance Fraud Register (IFR).
The IFR is a national database of insurance fraudsters, accessed by 82% of the UK’s general insurance market. When an insurance application or claim is proven to be fraudulent the insurer can register individuals, businesses and information such as emails and phone numbers linked to the fraud on the IFR.
The IFB said those with an IFR record can be refused a wide range of services by UK insurers for up to five years. Those on the database could be denied insurance services or will have to pay a significantly higher cost due to the increased risk.
