Insurance Basics

Insurance Fraud in New Zealand

Insurance fraud is not a victimless crime. It costs the New Zealand insurance industry hundreds of millions of dollars each year - and those costs are passed on to every policyholder through higher premiums. This guide covers what counts as fraud, how insurers detect it, the legal consequences, and the line between a genuine mistake and a criminal offence.

2026-04-03
10 min read
Compare.com.au Editorial Team
Reviewed and fact-checked
What is Insurance Fraud? Types of Insurance Fraud Common Examples How Insurers Detect Fraud Legal Consequences Honest Mistake vs Fraud How Fraud Affects Premiums Reporting Suspected Fraud FAQs

What is Insurance Fraud?

Insurance fraud occurs when someone deliberately deceives an insurance provider to obtain a financial benefit they are not entitled to. This can happen at any stage of the insurance relationship - when applying for a policy, when making a claim, or when renewing cover.

In New Zealand, insurance fraud is a criminal offence. It falls under the Crimes Act 1961, which covers offences such as obtaining by deception, false pretences, and forgery. The key element that separates fraud from an honest mistake is intent - did the person knowingly provide false or misleading information to gain something they were not entitled to?

The Insurance Council of New Zealand (ICNZ) estimates that fraudulent claims add between $600 million and $1 billion to the total cost of insurance in New Zealand each year. That additional cost is ultimately borne by all policyholders through higher premiums.

Fraud is not limited to large, dramatic schemes. In fact, the majority of insurance fraud in NZ involves relatively small acts of dishonesty - exaggerating a genuine claim, inflating the value of lost items, or failing to disclose relevant information on an application. These may seem minor, but they are taken seriously by insurers and the law.

Important
Insurance fraud is a criminal offence in New Zealand, not just a breach of your policy terms. Even relatively small acts of dishonesty on a claim or application can result in prosecution, a criminal record, and difficulty obtaining insurance in the future.

Types of Insurance Fraud

Insurance fraud in New Zealand generally falls into two broad categories: opportunistic fraud and organised fraud. Understanding the difference is important because both carry serious consequences, even though they operate on very different scales.

Opportunistic fraud is the more common type. It involves individuals who are otherwise honest but see an opportunity to gain a little extra from a legitimate claim - or to avoid disclosing something that might affect their premium. Examples include adding a few extra items to a burglary claim, inflating the value of damaged goods, or not telling the insurer about a previous claim when applying for cover.

Organised fraud involves deliberate, premeditated schemes designed to extract money from insurers. These can include staged car accidents, fake burglaries, deliberate property damage, or arson. Organised fraud rings may involve multiple people working together and can result in very large losses for insurers. The New Zealand Police and the ICNZ Insurance Fraud Bureau work together to investigate and prosecute these types of schemes.

There is also a third category that is worth understanding: application fraud. This occurs when someone provides false or misleading information when applying for insurance - such as understating the number of drivers, lying about where a vehicle is garaged, or failing to disclose a pre-existing health condition. Application fraud can result in a policy being voided entirely, meaning no claims will be paid. For more on your obligations when applying, see our guide on duty of disclosure.

The Three Main Types of Insurance Fraud

From small-scale dishonesty to large criminal operations

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Common Examples of Insurance Fraud in NZ

Insurance fraud takes many forms. Some are obvious criminal acts, while others involve smaller dishonest behaviours that people may not even realise constitute fraud. Here are the most common types seen by New Zealand insurers.

The ICNZ regularly publishes information about fraud cases that have been investigated and prosecuted in New Zealand. These cases illustrate that insurers are actively looking for fraud at every level - from small exaggerations to large-scale schemes.

Note
Even "soft" fraud - like rounding up the value of lost items or adding an extra item to a claim - is treated seriously. Insurers use the same investigation processes for small claims as they do for large ones, and the legal consequences can be just as significant.
Common Types of Insurance Fraud and Their Consequences
Type of Fraud Example Potential Consequences
Exaggerated claims Claiming $5,000 for a $2,000 television after a burglary Claim declined, policy cancelled, potential prosecution
Fabricated claims Reporting a theft that never happened Criminal charges, imprisonment, permanent insurance record
Staged accidents Deliberately causing a car crash to claim repairs Criminal charges, imprisonment, lifetime insurance difficulties
Arson or deliberate damage Setting fire to property to collect on a claim Serious criminal charges, significant prison sentence
Non-disclosure on application Hiding previous claims or convictions when applying for cover Policy voided from inception, all claims declined
Inflated repair costs Colluding with a repairer to inflate a quote for a car repair Claim declined, policy cancelled, fraud investigation
Identity fraud Using someone else's identity to take out a policy or make a claim Criminal charges under both Crimes Act and identity theft laws
Double-dipping Claiming for the same loss from two different insurers Both claims declined, policies cancelled, potential prosecution

How Insurers Detect Fraud

New Zealand insurers have become increasingly sophisticated in their ability to detect fraud. The days of simply taking a claimant's word at face value are long gone. Modern fraud detection uses a combination of technology, data analysis, and human investigation.

Data analytics and AI. Insurers use algorithms and machine learning to flag claims that show patterns consistent with fraud. These systems can analyse thousands of claims simultaneously, looking for anomalies such as claims submitted shortly after a policy is taken out, unusually high claim values, or patterns of claims from the same address or phone number.

Claims investigation teams. Most major NZ insurers have dedicated fraud investigation units. When a claim is flagged - either by automated systems or by a claims handler who notices something unusual - it is referred to a specialist investigator. These investigators may conduct interviews, visit properties, review surveillance footage, and work with external forensic experts.

The ICNZ Insurance Fraud Bureau. The Insurance Fraud Bureau, operated by the Insurance Council of New Zealand, is an industry-wide initiative that allows insurers to share information about suspected fraud. This makes it much harder for fraudsters to target multiple insurers with the same scheme. The bureau works closely with New Zealand Police to refer cases for criminal prosecution.

Social media monitoring. Investigators may check publicly available social media posts. Someone claiming they are unable to work due to injury but posting photos of themselves on a skiing holiday is a red flag that is surprisingly common.

Cross-referencing databases. Insurers can cross-reference claims data across the industry. If someone submits the same claim to multiple insurers, or if a claimant's details match those associated with previous fraudulent activity, the system will flag it.

The Financial Markets Authority (FMA) also plays a role in ensuring that insurers maintain appropriate systems for detecting and preventing fraud as part of their conduct obligations.

Insurance Fraud in New Zealand - The Numbers

$600M-$1B
Estimated annual cost of insurance fraud in NZ (ICNZ)
10-15%
Estimated percentage of all claims that involve some element of fraud
$60-$100
Approximate extra cost per household per year due to fraud-related premium increases
7 years
Maximum prison sentence for obtaining by deception under the Crimes Act 1961

The Line Between an Honest Mistake and Fraud

One of the most common concerns people have is whether an innocent mistake on a claim or application could be treated as fraud. The short answer is that intent matters. Fraud requires a deliberate act of dishonesty - knowingly providing false information to gain something you are not entitled to.

Honest mistakes happen. You might accidentally overestimate the value of an item, forget to mention a minor previous claim on your application, or misremember when an incident occurred. Insurers understand this and are generally able to distinguish between genuine errors and deliberate deception.

However, the distinction is not always clear-cut, and insurers look at several factors when assessing whether something is a mistake or fraud:

Under the Insurance Contracts Act 2024, the consequences for non-disclosure depend on whether the non-disclosure was deliberate, reckless, or innocent. Deliberate non-disclosure can result in a policy being voided. Innocent non-disclosure has more limited consequences, reflecting the fact that genuine mistakes should not be punished as harshly as deliberate fraud.

If you realise you have made an error on a claim or application, the best course of action is to contact your insurer immediately and correct it. Proactive honesty is always viewed more favourably than information uncovered during an investigation. For a deeper understanding of your disclosure obligations, see our duty of disclosure guide.

Tip
If you have made a genuine mistake on a claim or application, contact your insurer as soon as you realise. Correcting an error promptly is always better than having it discovered during an investigation.
  • Scale of the discrepancy. A small rounding error on an item's value looks very different from claiming for items that never existed
  • Pattern of behaviour. A single mistake is treated differently from a pattern of exaggeration across multiple claims
  • Consistency of the account. If your story changes significantly when questioned, this raises concerns
  • Supporting evidence. Can you provide receipts, photos, or other evidence that supports your version of events?
  • Timing. A claim made days after a policy is taken out may attract more scrutiny than one made years into a policy

How Fraud Affects Everyone's Premiums

Insurance fraud is often described as a victimless crime, but that is not accurate. The cost of fraud is ultimately paid for by honest policyholders through higher premiums. Insurance works on the principle of risk pooling - everyone pays into a shared fund, and that fund pays out claims. When fraudulent claims increase the total payouts, the fund needs more money, and premiums rise for everyone.

The ICNZ estimates that fraud adds between $600 million and $1 billion to insurance costs in New Zealand each year. Spread across millions of policies, this translates to an estimated $60 to $100 per household per year in additional premiums. That figure is on top of the already significant pressures on insurance pricing from natural disasters, reinsurance costs, and inflation.

Fraud also affects the insurance market in less obvious ways. Insurers that experience high levels of fraud in a particular area or product line may tighten their underwriting criteria, increase excesses, or reduce the cover available. In extreme cases, some insurers may withdraw from a market segment entirely if fraud makes it unprofitable. This reduces competition and choice for consumers.

The Consumer NZ has noted that rising premiums are one of the biggest concerns for New Zealand insurance customers. While there are many factors driving premium increases, fraud is one that could be reduced if everyone provided honest information on their applications and claims.

Note
Insurance fraud is not a victimless crime. Every fraudulent claim is ultimately paid for by honest policyholders through higher premiums. Reducing fraud benefits everyone.

Reporting Suspected Insurance Fraud

If you suspect that someone is committing insurance fraud, there are several ways to report it in New Zealand. Reporting fraud helps keep premiums lower for everyone and supports the integrity of the insurance system.

Contact the insurer directly. If you know which insurer is being targeted, you can contact their fraud team directly. Most insurers have dedicated channels for reporting suspected fraud, and you can usually remain anonymous.

The ICNZ Insurance Fraud Bureau. The Insurance Council of New Zealand operates an industry-wide fraud bureau that accepts reports from the public. Reports can be made through the ICNZ website.

New Zealand Police. If you believe a crime is being committed - such as arson, staged accidents, or identity fraud - you can report it directly to the New Zealand Police. For non-emergencies, you can call 105 or report online.

Crimestoppers. If you want to report anonymously, Crimestoppers NZ accepts anonymous tips about all types of crime, including insurance fraud. You can call 0800 555 111 or report online.

It is worth noting that you do not need proof of fraud to make a report. If something does not look right, the relevant authority can investigate. You should not attempt to investigate suspected fraud yourself - leave that to the professionals.

If you have concerns about how your own insurer is handling a claim or believe you are being unfairly accused of fraud, you have the right to make a complaint through your insurer's complaints process and escalate to the IFSO if needed. See our guide on how to complain about your insurer for step-by-step instructions.

Note
You can report suspected insurance fraud anonymously through Crimestoppers NZ on 0800 555 111 or through the ICNZ Insurance Fraud Bureau. You do not need proof - just a reasonable suspicion.

Key Takeaways

  • Insurance fraud is a criminal offence in New Zealand under the Crimes Act 1961, carrying penalties of up to seven years' imprisonment
  • Fraud is not just large-scale schemes - exaggerating a claim or withholding information on an application also constitutes fraud
  • The ICNZ estimates that fraud costs the NZ insurance industry $600 million to $1 billion each year, pushing up premiums for everyone
  • Insurers use data analytics, investigation teams, and the ICNZ Insurance Fraud Bureau to detect and investigate suspicious claims
  • The line between a genuine mistake and fraud comes down to intent - honest errors are treated differently from deliberate deception
  • If you suspect fraud, you can report it anonymously through Crimestoppers NZ (0800 555 111) or the ICNZ

Frequently Asked Questions

Insurance fraud is prosecuted under the Crimes Act 1961. The most common charge - obtaining by deception under Section 240 - carries a maximum penalty of seven years' imprisonment. In practice, sentences vary depending on the scale and nature of the fraud, ranging from fines and community service to prison sentences for more serious offences.
Yes. Inflating the value of a claim - even slightly - is considered fraud. For example, claiming a stolen item was worth $3,000 when you know it was worth $1,500 is obtaining by deception. Insurers investigate the value of claimed items as a standard part of the claims process, and any deliberate exaggeration can result in the entire claim being declined and the policy being cancelled.
An honest mistake is treated differently from deliberate fraud. Under the Insurance Contracts Act 2024, the consequences depend on whether the non-disclosure was innocent, reckless, or deliberate. If you realise you have made an error, contact your insurer as soon as possible to correct it. Proactive disclosure is always viewed more favourably. See our duty of disclosure guide for more detail.
Yes. If an insurer has reasonable grounds to believe that fraud has occurred, they can cancel your policy. If fraud is confirmed, the cancellation may be backdated to the start of the policy (voided from inception), meaning no claims - past or present - will be honoured. The insurer may also pursue recovery of any amounts previously paid out.
The Insurance Fraud Bureau is operated by the Insurance Council of New Zealand. It acts as a central hub for sharing fraud intelligence between insurers. When an insurer identifies suspicious activity, the bureau can cross-reference it with data from other insurers to identify patterns and repeat offenders. The bureau also works with New Zealand Police to refer cases for criminal investigation and prosecution.
Yes. A fraud finding or criminal conviction for insurance fraud makes it very difficult to obtain insurance from any provider. When you apply for insurance, you are typically asked about previous policy cancellations and criminal convictions. A fraud history will result in significantly higher premiums, restricted cover, or outright decline. This can affect all types of insurance, not just the type where the fraud occurred.
If you believe you have been wrongly accused, you have the right to respond to the allegation and provide evidence supporting your position. Start with your insurer's internal complaints process. If you are not satisfied with the outcome, you can escalate to the Insurance & Financial Services Ombudsman (IFSO), which provides a free dispute resolution service. For serious matters, it may also be worth seeking legal advice. See our guide on how to complain about your insurer.
Yes. The ICNZ estimates that fraud costs the NZ insurance industry between $600 million and $1 billion per year. These costs are spread across all policyholders through higher premiums. The estimated impact is $60 to $100 per household per year in additional premium costs. Reducing fraud would help ease upward pressure on premiums across the market.
Disclaimer: Disclaimer: This guide is for informational purposes only and does not constitute legal, financial, or insurance advice. Laws and insurer practices may change over time. If you are facing a specific situation involving suspected fraud or an allegation of fraud, consider seeking legal advice from a qualified professional. Compare.org.nz provides estimates based on publicly available information - these are not binding quotes. Always verify details directly with your insurer or the relevant authority.

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