In an opinion article for Insurance Business, Neil Clutterbuck, chief underwriting officer at Allianz UK, has delved into the issue of application fraud, one of the various types of fraud that are "adding an estimated £50 to every UK policyholder's insurance bill".

Neil addresses the lingering perception that insurance fraud is victimless, touching on the organised elements of application fraud, such as Ghost Broking and identity theft, and, additionally, the opportunistic side, where individuals, who are usually upright, see a chance to "get more favourable terms" on their insurance policy, by making omissions or embellishments.

Read more about tackling application fraud