Ghost broking is when a trickster pretends to be an insurance broker, sometimes through sophisicated websites, sending out fake policies and then fleeing with customer’s premium money. Incidents of so-called insurance "ghost broking" have increased by 600% in every year , according to SIRA . The practice involves online insurance "brokers" sending out fraudulent policies and keep customer payments. Industry observers say the activity could result in One being lost the past year , and should be of concern to all the main insurers.
Incidents of so-called insurance "ghost broking" have increased by 600% in every year , according to SIRA . The practice involves online insurance "brokers" sending out fraudulent policies and keep customer payments. Industry observers say the activity could result in One being lost the past year , and should be of concern to all the main insurers.