National insurance fraud register launched

fight-fraud

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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