Allianz UK says its fraud teams have seen a marked increase in fraudulent noise induced hearing loss and fake or cloned businesses claims coming through in the first half of 2024. The insurer said it had saved £37.1m by detecting fraud during this six-month period.

James Burge (pictured), head of counter fraud at Allianz Commercial, said: “Our half-year fraud results reflect our relentless efforts to protect our customers and maintain the integrity of our services. The fraud teams have shown continued determination in rooting out those who falsify all types of policy and claims.

“Our investments in technology, such as machine learning and AI, training, and collaboration across the industry and broker network are paying off, and we remain committed to staying ahead of fraudsters.”