A pressure group seeking insurance reform has questioned how seriously insurers are about detecting and reporting fraudulent claims.
The Alliance for Insurance Reform said just 98 recorded crime incidents of insurance fraud were reported to the Gardaí last year.
It said this is despite the fact that insurers regularly claim that one in five of all insurance claims are fraudulent or exaggerated.
It comes as Insurance Ireland holds a fraud conference in Dublin.
The reporting of less than 100 fraudulent and exaggerated claims compares with around 18,500 overall claims received by the Personal Injuries Assessment Board in 2022, where all claims have to be lodged initially.
Board member of the Alliance for Insurance Reform and owner of the Vienna Woods Hotel in Cork, Michael Magner, claimed insurers will not be discussing the number of false and exaggerated claims reported to the Gardaí at their fraud conference.
“What likely won’t be discussed in the level of fraud that is actually reported to the Gardaí. Last year only 98 cases were reported to the Gardaí according to the Central Statistics Office.”
He said that we know from Personal Injuries Assessment Board (PIAB) figures that there were 18,453 claims received by it in 2022.
The number...
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