Van Fleets Fight £811 million Insurance Fraud With Tech

According the Association of British Insurers, insurance fraud has reached the all-time high of £1.3billion...with £811 million directly attributed to car insurance.

So in response, many UK commercial van fleets are resorting to in-vehicle technology to protect themselves against this recent sharp rise of insurance fraud.

Glenn Mullins, managing director of CCTV vehicle company Vision Unique Equipment (VUE) said:

“There are approximately 3.7million* commercial vehicles on UK roads and fraudulent insurance claims are costing British firms thousands of pounds each year, as well as driving up premiums. ”

“Insurers and fleet owners are increasingly looking to technology to tackle the escalating problem and many insurers now insist on CCTV in the fleets they insure. ”

“This has led to unprecedented levels of demand for in-vehicle CCTV, particularly from large commercial fleet owners who are often seen as easy targets for fraud.”

‘Crash for cash’ car insurance scams were identified as the main contributor to a 34% rise on the number of false motoring claims. And VUE has seen the number of commercial fleets using CCTV technology more than double.

Mullins added: “CCTV technology from VUE is designed to record the events leading up to an accident and, crucially, the aftermath of a collision even with the engine switched off, can be used as court-admissible event. CCTV systems not only prove the cause of an accident but also record the speed at impact and how many people were involved.

“Front and rear facing CCTV recording cameras allow insurance companies to challenge fraudulent claims and offer protection for drivers who could otherwise be blamed for non-fault accidents.

“We’re working with many of the leading commercial fleets and insurance providers in the UK to help protect their businesses and drivers from these fraudsters, and firmly believe CCTV technology will be able to bring these criminals to justice.”