Insurance company Aviva is warning of a surge in fraudulent insurance claims , after reporting a 13 % rise in claims ' fraud for 2021 . The company uncovered more than 11,000 instances of claims ’ fraud last year , totalling more than £ 122mn , and is currently investigating a further 16,700 claims for suspected fraud .

It is underlined by a sharp increase in the number of bogus home insurance claims , which went up by 45 % – the highest rate in seven years . Aviva had already warned that home insurance fraud detection would need to be a priority in 2022 , with the rising cost of living set to create additional pressures on consumers .

Aviva ' s Chief Claims Officer Waseem Malik said there would be more claims ' fraud to come as household budgets come under growing pressure . The company also warned that new regulations around whiplash could push fraudsters towards slips , trips and falls .

� COVER WHALE Cover Whale , a New York-based commercial auto insurtech , has exceeded US $ 100mn in written premiums . President Kevin Abramson said that , to their knowledge , they were the fastest growing insurtech to reach the milestone in under two years . � QOALA Indonesian insurtech startup Qoala has raised US $ 65mn in Series B funding , led by European investment firm Eurazeo . Qoala distributes retail insurance products to consumers for car , bike , home and health through its omnichannel platform . � COTERIE Small business insurtech Coterie is laying off staff barely seven months after a US $ 50mn Series B round . Co-founder Tim Metzner confirmed the news " with a heavy heart ". Reports suggest 20 % of employees could leave . � BRIGHT HEALTH

GROUP Bright Health Group says it ' s exploring ways to raise additional cash amid quarterly losses of US $ 180mn . The company ' s valuation has dropped from US $ 13bn when it went public last year to around US $ 1.5bn today .

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