RSA Insurance : IFED ups the ante against opportunistic fraud with day of action

Far from being a victim-less crime, opportunistic fraud carries a hefty cost. The Association of British Insurers (ABI) estimates that insurance fraud costs the industry around £1.3bn each year, adding around £50 to people's premiums

RSA works closely with the City of London Police's fraud unit, the IFED, to tackle fraud in all its forms to protect honest customers. Today, Friday 25 May 2018, the IFED launches a 'day of action against opportunistic fraud'. RSA's head of financial crime and counter fraud, John Beadle, comments:

'Any form of insurance fraud, whether making up a fictitious claim, or exaggerating the loss or injury on a genuine claim is illegal and can result in serious consequences for those who might be tempted.People should be aware that insurers, including RSA, take insurance fraud very seriously as it negatively impacts on our genuine customers and our ability to give them the best deal and service possible.We are determined to tackle anyone who attempts such fraud and we work closely with the Insurance Fraud Enforcement Department and other insurers to bring these people to justice.'

Follow #IFEDDoA on Twitter to see how our industry is supporting the fight against opportunistic fraud.