“All the main insurers are talking about ghost broking as one of their main concerns,” says detective chief inspector Andy Fyfe, head of the City of London Incidents of so - called insurance " ghost broking " have increased by 600 % in the past year , according to Synectics . The practice involves online insurance " ghosts " sending out fraudulent policies and keep missing payments . Some observers say the practice could result in money being lost every year , and should be of concern to all the main insurers .
Incidents of so - called insurance " ghost broking " have increased by 600 % in the past year , according to Synectics . The practice involves online insurance " ghosts " sending out fraudulent policies and keep missing payments . Some observers say the practice could result in money being lost every year , and should be of concern to all the main insurers .