ASSESSOR SUMMER 2025 FULL MAGAZINE v2 - Flipbook - Page 8
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CRASH FOR CASH IS
THE MOST RECOGNISED
SCAM ACCORDING TO
AGEAS SURVEY
ISO9001
LEAD AUDITOR
ACCREDITATION
SUCCESS FOR
ITAS
Research commissioned by Ageas UK reveals more than one in 10
people are completely unaware of insurance scams like Crash for
Cash and Ghost Broking. This overall lack of awareness is greatest
among 18-24 year-olds, with almost one in 昀椀ve reporting they had no
knowledge of any insurance scams.
Among all respondents, Crash for Cash is the most recognised scam
with more than one in four of those surveyed reporting that they were
aware of this fraudulent activity.
Katie Davies, Director of Underwriting Services and Fraud at Ageas
UK, said there are “35 known organised Crash for Cash gangs currently
under surveillance by Ageas” and it is “clear that this remains an
ongoing challenge.”
AVERAGE EV
INSURANCE
PREMIUM NOW
£1,344
There has been a sharp rise in electric vehicle (EV) insurance premiums,
driven by higher repair costs, labour expenses, and parts shortages –
factors that often lead to unsustainable write-offs after minor accidents,
according to a recent white paper by FWD Research.
The paper draws on insights from a survey of 250 insurance brokers
across the UK and was released shortly after the UK government
announced a £1 billion investment in EV infrastructure and introduced
new incentives to support EV adoption.
According to the study, the average EV insurance premium now stands
at £1,344 – nearly double that of traditional petrol and diesel vehicles.
A lack of a robust parts and repair ecosystem for EVs is in昀氀ating costs
and often leads insurers to write off vehicles after minor accidents.
90% of brokers surveyed view this practice as economically and
environmentally unsustainable.
ITAS’s Manufacturer Network Development
Manager David Harvey and Lead Auditor Philip
Briggs have completed ISO9001 Lead Auditor
accreditation.
“This quali昀椀cation is certi昀椀ed and approved by
the global quality standards body, the CQI and
IRCA and is a vital component of the auditing
services we offer to our manufacturer partners
underscoring the signi昀椀cance we attribute to
upholding compliance across our managed
networks,” said ITAS.
AVERAGE UK
PREMIUM NOW
STANDS AT
£757
The average UK premium now stands at
£757, having fallen by 16% (£144) in the last
12 months, according to the latest Confused.
com/WTW report. This is the biggest annual
percentage cut since 2014.
The ongoing trend of falling car insurance
prices has meant premiums have been gradually
dropping for almost 18 months across the
board.
Average premiums peaked at £995 in December
2023.
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THE ASSESSORS JOURNAL | SUMMER 2025 | www.iaea-online.org/news/the-assessor
