Liz Banner, Head of Policy Validation, Allianz UK said “In the UK, ghost brokers have become a growing concern in the motor insurance industry, using crafty tactics to trick people into buying fake policies. As a broker specialising in car and motor insurance, it's important to understand these challenges and help your customers protect themselves.”
Understanding ghost broking
- Ghost brokers pose as genuine insurance agents to sell fraudulent policies.
- In motor insurance, they may use stolen personal details to create fake policies.
- These actions can lead to . . .
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