Motor insurers set to share application data in suspected frauds – Insurance News Now
Author: Tracey Jones
Source:
Post |
07 Dec 2011 | 
Categories: Insurer | Broker | Claims | Lloyd's/London | Personal | Commercial | Reinsurance | Regulation
Tags: Insurance news now | Post watch | Motor | Fraud | Online | Pwc | Legislation | Hastings | Telematics
Post reporter Callum Brodie outlines this week's major general insurance stories including how motor insurers plan to share suspected application fraud data as criminals try multiple applications to get cars on the Motor Insurance Database as cheaply as possible.
The IFB will open discussions in the New Year and could have a system in place before the introduction of the Insurance Fraud Register in July.
In other news rival brokers could be taking secret kick-backs from insurers and not declaring them to clients, it has been claimed; a PwC analyst has warned that legislative changes to claims equalisation reserves will disadvantage insurers; and Hastings is set to launch a telematics-based motor policy for young drivers.
Keep up to date with all the latest insurance news as it breaks at postonline.co.uk.
Tags: Insurance news now | Post watch | Motor | Fraud | Online | Pwc | Legislation | Hastings | Telematics
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