Liability Risk and Insurance
Fraud
Marked increase in fraudulent noise-induced hearing loss claims
Allianz UK has warned that its fraud teams are seeing a marked increase in fraudulent noise-induced hearing loss and fake
or cloned businesses claims coming through in the first half of 2024. The claims teams at Allianz UK have achieved a saving
of £37.7 million in detecting fraudulent claims within the first half of 2024 with a significant portion of fraud savings
coming from casualty fraud – with major loss fraud contributing heavily.