The Insurance Fraud Bureau (IFB) finds one in five young adults now shop for car insurance on social media. This gives fraudsters more opportunity to lure their victims into buying fake insurance policies with 'too good to be true' discounts, known as 'ghost broking'. Here's everything you need to know about insurance fraud: https://lnkd.in/dhGF6C8P 💚
Only one in ten UK adults has heard about #GhostBroking, does this surprise you? Today, together with the wider insurance industry, we're launching a campaign to raise awareness of Ghost Broking and help the public protect themselves against it. Our recent YouGov survey revealed that one in five young adults (under the age of 24) have searched for insurance deals on social media. This is concerning as the industry has seen a considerable year-on-year increase of Ghost Broking cases that started on #SocialMedia and determined this was the fastest growing space for this type of #InsuranceFraud. Read more here: https://lnkd.in/g6CPqref City of London Police’s Insurance Fraud Enforcement Department, Association of British Insurers, Ageas UK, Allianz Insurance Aviva, Direct Line Group, Hastings Direct, Markerstudy Group, and Crimestoppers Trust – together we stand against fraud. #GhostBroker