The number of people caught practising insurance fraud fell by 15% last year to 10,000, according to new figures from insurers organisation VvV.
Detecting fraud saved insurance companies €80 million last year which, says the VvV’s director, means clients benefit from reduced premiums.
Nevertheless, it is still too early to talk about a turnaround, the organisation said. “Eventually, we will see if the years of work on prevention and detection have actually paid off.”
One in three investigations into potential fraud last year proved to be justified, the highest success rate in seven years. In 2021, 25% of investigations turned up fraud, the association’s figures show.