IFB and MIB join forces to fight fraud

David Neave IFB

The Insurance Fraud Bureau (IFB) has entered into an agreement with the Motor Insurers' Bureau (MIB) for support services.

Under the proposal, which was tabled at the Association of British Insurers’ General Insurance Council on 18 March, the IFB and MIB will remain independent legal entities with separate boards and continue to be based at their existing locations.

In a statement, the bodies said that the strategic objectives for the two organisations remain unchanged and each will continue to deliver distinct services for the insurance sector.

Under the terms of the arrangement IFB staff will transfer to a

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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