Insurance Fraud Register to be accessible to life and Lloyd's markets


After two years of planning and testing involving the Association of British Insurers and the Information Commissioner, the IFR was launched last week with the financial backing of the 10 largest GI firms, which will share the "majority" of a £1.9m levy placed on ABI members, each expected to pay £23 000 annually for five years.Richard Davies, project sponsor for the ABI's financial crime committee and Axa UK's group fraud risk manager, said that smaller firms will pay a "nominal