Almost 20 percent of individuals think it’s justifiable not to disclose the full truth on an insurance application. This comes from research done by Ageas U.K.  Ageas worked with a government agency to uncover public attitudes about insurance fraud.

Ageas is a Belgian Insurance company co-headquartered in Brussels.  It is Belgium’s largest insurer and operates worldwide in 13 countries. Belgium is very close to the United Kingdom so it makes sense and feels logical that there would be an Ageas U.K. 

The information that came out of Ageas U.K.’s research declared that 8% of individuals think it’s okay to give inaccurate information when applying for insurance.  Of those with homeowner’s insurance, one in 10 believed that inflating the costs of damage and the prices of insured goods is acceptable.

It was observed that while most people recognize the seriousness of insurance fraud, there remains a segment of individuals who see some dishonesty as justifiable.  That attitude undermines trust in the insurance system, and it can lead to higher premiums across the board.

The reasons for a negative feeling are:

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