The Insurance Fraud Taskforce has published its final report1 after a year long review into insurance fraud. The overall objective of the review is to reduce costs for consumers. The report sets out a number of recommendations for tackling fraudulent activity whether it be organised, premeditated or opportunistic.
The aim of those recommendations is to improve consumer trust in the insurance sector and raise the public profile of insurance fraud as a criminal activity. They also seek to tackle organised insurance fraud through encouraging data sharing and collaboration between the insurance sector and regulatory bodies.