Insurance Fraud Bureau (IFB)
IFB strategic plan could take 'beyond five years' to implement
Insurers are unlikely to reap the benefits of a centralised fraud data hub in the near future, with the Insurance Fraud Bureau's expansion plan expected to take more than five years to implement.
IFB set for a busy 2015 as it looks to fill details in five-year plan
The Insurance Fraud Bureau has unveiled a five-year plan to extend its remit beyond motor fraud and facilitate data sharing with lawyers and private investigators.
On demand web seminar: Mitigating insurance fraud at point-of-quote
Whilst the discussion about detecting and preventing fraud had previously been dominated by a focus on claims, as much attention is now starting to be paid to the point-of-quote and the challenges of handling the online interface.
IFR retains insurer support despite membership delays
Insurers have reiterated their support for the Insurance Fraud Register despite onerous data standards meaning that half of the UK’s largest motor players are yet to become members.
Roundtable: A step backwards in the fraud fight?
With EU data protection legislation likely to impact insurers’ anti-fraud measures, key figures from the sector discuss whether the reforms represent a critical blow to their efforts or just a bump in the road?
Penny Black’s Insurance Week - 9 October
Penny discovered this week even the great and good of the insurance industry can be afflicted with the plague of the sector – whiplash.
Adrian Flux and Carole Nash first to sign up for IFB broker model
The Insurance Fraud Bureau has unveiled a two-tier membership model for small and larger brokers in a bid to strengthen the industry’s collective fight against fraud by opening intelligence sharing to a wider broker audience.
IFB assists in arrest of four fraud suspects in Cumbria
Data provided by the Insurance Fraud Bureau led to the arrest of four suspected fraudsters by Cumbria Police this week.
Industry seeks aggregator assistance in fight against application fraud
ABI figures reveal 180 000 dishonest motor insurance submissions in 2013
IFR promises ‘rapid action’ on broker engagement
The Insurance Fraud Register is targeting increased participation from distributors as a high priority according to Axa’s global head of fraud and IFR project sponsor Richard Davies.
IFB to launch small broker model in October
A new model designed to bring small brokers into the Insurance Fraud Bureau will be launched on 1 October.
Application fraud inflates annual insurance bills by £50, claims ABI
The Association of British Insurers is backing the development of schemes such as the Insurance Fraud Register and the My Licence initiative as a way of clamping down on rising application fraud.
Crash-for-cash pair handed prison sentences
The leader of a crash-for-cash scam and his driver have been sentenced to more than five-and-a-half years in prison.
IFB cheatline heading for record year of public fraud reports
The Insurance Fraud Bureau’s cheatline is on course to eclipse the record number of reports it received from members of the public in 2013.
IFB assists on 1000 fraud arrests
Police have this morning made the 1000th arrest as a result of result of information and support provided by the Insurance Fraud Bureau.
Southern Rock becomes latest insurer to join IFB
Southern Rock Insurance Company has become the latest member of the Insurance Fraud Bureau.
Three convicted in crash-for-cash scam
Three people have been convicted for their involvement in a crash-for-cash scam involving seven collisions across the Thames Valley and Metropolitan Police areas.
IFB targets brokers as it plans to extend into tackling property and liability fraud
The CILA quick to register interest in joining expanded fraud bureau
Insurance Fraud Register backers dismiss criticisms over slow progress
Hill Dickinson fraud boss Oakes says value of the IFR is ‘incredibly limited’.
CHO boss says ‘self interested’ insurers are hampering fight against fraud
DAC Beachcroft estimates credit hire fraud is worth up to £75m a year
In Series: Data: Weeding out fraud
With organised fraud costing the insurance industry an estimated £392m a year, is increased use of data the key to winning the battle?
Haven joins Insurance Fraud Bureau
Gibraltar-based specialty motor insurer Haven has become the latest insurer to join the Insurance Fraud Bureau.
Spotlight On – Fraud: Building on the foundations
The insurance industry’s approach to fraud has progressed enormously over the past 20 years but there is still more to be done.
Insurance Fraud Register Ready for lift off
First formulated in 2009, the Insurance Fraud Register is finally ready for launch. Will it create a sea change in the way the industry tackles fraud?