National insurance fraud register launched
The Association of British Insurers (ABI) has provided further detail on the national insurance fraud register to be fully operational by early 2012.
Funded by ABI members, the register will be an industry-owned database allowing insurers to share information on known cheats. The trade body claimed that the database, which followed a six month pilot exercise, will enable insurers to identify anyone who fails to declare a previous fraudulent insurance claim.
The ABI added that insurance fraud cost an estimated £2bn a year, adding on average an extra £44 yearly to the insurance bill for every UK policyholder.
Nick Starling, director of general
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