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ARTICLE · 06 JUNE 2023

The Rise And Fall Of Ghost Broking

Weightmans LLP
Weightmans LLP
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Are you afraid of ghosts? The recent increase in ghost broking being driven by the current financial climate is making it easier for fraudsters...

United KingdomInsurance
Mike Brown
Mike Brown
Jacqui Bickerton
Jacqui Bickerton

Are you afraid of ghosts? The recent increase in ghost broking being driven by the current financial climate is making it easier for fraudsters

Fraud in the motor arena can take many forms but for most, ghost broking is not a new concept. However, the recent increase in such practices, mainly driven by the current financial climate which is providing greater opportunities for the fraudsters, is concerning.

So what is ghost broking?

In essence, ghost broking is where an intermediary ("ghost broker") will offer to arrange car insurance at a cheaper price for the victim. The ghost broker will then do one of the following:

  • submit false details to the insurer that do not reflect the true position of the victim to secure a cheaper insurance policy from the insurer; or

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