The average insurance fraud was worth £15,000 in 2023, with insurers detecting £1.1billion of fake claims, according to the Association of British Insurers. The earliest cases saw fraudsters make fake insurance claims using photos they found online. Although home and motor insurance sees the most image fraud, other areas of insurance are prone to it too. Verisk has developed clever technology that can help insurers spot this sort of digital image manipulation. It also monitors the metadata of photos - the underlying data that explains how and where a photo has been made.

Source: Daily Mail May 22, 2024 20:03 UTC