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Life assurance takeover

Insurance-related frauds happen when false claims are made to insurance companies.

A false insurance claim could be when a person says they have lost more than they really have, or they make more than one claim for the same thing. Alternatively, a person might deliberately destroy the asset they are claiming insurance for.

Insurance fraud could also be when a person provides false information to an insurance company in order to get insurance cover on more favourable terms, or deliberately under-insuring to reduce the premium. This type of insurance fraud could include motor vehicle, commercial, household and other personal insurance claims.

Life assurance takeover is when someone’s life assurance is claimed by a fraudster. This could happen following account takeover fraud.

How to report it

If Fraud has been committed report it to Action Fraud. For more advice and to raise any concerns, contact the Office of the Public Guardian.

See also:
Fronting
Identity theft

Source - Action Fraud

Date Published: Aug 26, 2021

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Fraud is when trickery is used to gain a dishonest advantage, which is often financial, over another person.

Advance fee fraud

Advance fee fraud is when fraudsters target victims to make advance or upfront payments for goods, services and/or financial gains that do not materialise.

Corporate fraud

Corporate fraud can be any fraud committed against a business.

Individual fraud

Individual fraud could be any fraud that targets a person directly. Individual frauds can differ from frauds affecting businesses and other organisations.

Online fraud

Some fraudsters rely on the internet to commit their crimes. Learn about some different types of internet frauds that and how to protect yourself and get safe online.

Identity fraud and identity theft

Identity theft is when your personal details are stolen and identity fraud is when those details are used to commit fraud.
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