13/10/2026
🚗 WHY DOES YOUR MOTOR TRADE INSURER NEED PROOF THAT YOU'RE ACTUALLY TRADING?
It's a question we're asked regularly, and it's a fair one!
📊 Some eye-opening figures from the Association of British Insurers (ABI).
New figures published on 6 October reveal that during 2025, UK insurers detected:
🔹 £1.34 BILLION in fraudulent insurance claims, up 14%.
🔹 51,900 fraudulent motor claims, worth a staggering £625 MILLION.
🔹 55% of detected fraudulent insurance claims involved motor insurance.
🔹 A further £1.8 BILLION worth of fraudulent insurance applications were prevented.
So, what does this mean for genuine motor traders in Northern Ireland?
When your insurer asks for invoices, photographs of stock, evidence of sales or other proof of trading, it's not necessarily because they doubt your business.
It's about understanding the risk they're insuring and protecting the integrity of motor trade insurance.
✅ Genuine traders deserve access to competitive insurance.
✅ Accurate information helps insurers make fair decisions.
✅ Keeping simple records of your trading activity can make arranging or renewing cover much easier.
At CIP Insurance Brokers, we understand that running a motor trade business is demanding enough without unnecessary paperwork.
That's why we work with our clients to explain what's required, help them prepare their evidence and approach suitable insurers with a clear picture of their business.
💬 Our advice? Don't wait until renewal to start gathering your trading evidence. A little preparation today could save a lot of frustration tomorrow.
📩 [email protected]
CIP Insurance Brokers | Motor Trade Insurance Specialists
Source: ABI insurance fraud figures published 6 October 2026. Figures relate to the UK insurance market overall, not specifically motor trade applications.
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