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Government Launches New Fraud Strategy 2026–2029 With £250 Million Funding
Date: 10 March 2026 Source: Association of British Insurers (ABI)
The UK Government has published its new Fraud Strategy 2026–2029, backed by £250 million of investment over three years. The strategy is built around three pillars — Disrupt, Safeguard and Respond — and aims to prevent fraud at source, protect potential victims and improve outcomes for those affected. The Association of British Insurers has welcomed the announcement, calling for closer partnership work across the public, private and tech sectors (ABI, 2026c).
Fraud is now the most common crime in England and Wales, and insurance fraud remains a significant part of the problem. The ABI has highlighted that detected general insurance fraud topped £1.16 billion in the latest annual data, with motor insurance the most affected area. Honest customers ultimately pay the price for fraudulent claims through higher premiums (ABI, 2026c).
For UK customers buying car, home, van or business insurance, the strategy is a positive step towards tackling scams such as ghost broking, fake claims and exaggerated losses. ICUK Insurance always recommends checking that the company arranging your cover is genuine, transparent and willing to explain how the price has been put together.
Reference: Association of British Insurers (2026c) 'ABI responds to Government Fraud Strategy', ABI News, 10 March. Available at: https://www.abi.org.uk/news/news-articles/2026/3/abi-responds-to-the-governements-fraud-strategy/ (Accessed: 12 March 2026).