The CII has published a new report on ‘ghost broking’, examining what it refers to as fake insurance with real costs. The CII states that criminals pretending to be insurance brokers and selling fake cover, usually through social media, is a growing and ‘industrialising’ problem.
- Victims believe they are insured only to risk facing financial loss, uninsured driving penalties, personal liability for accidents and difficulty obtaining cover later.
- To support the sector’s response, the Chartered Insurance Institute (CII) commissioned Ipsos to survey 2,194 UK adults aged 18-7 5 in June 20261, to find out what the public knows about ghost broking, how people buy and check motor insurance, and what they think the sector should do to tackle the problem.
- The report considers a range of issues, including the awareness and understanding of ghost broking, buying behaviours, verification behaviour, perceived consequences for drivers, and reporting insurance fraud.
- The Appendix includes tables of percentage responses to the questions that were posed to the sample of individuals who took part.