IFB launch model to protect brokers from fraud
Adrian Flux and Carole Nash sign up to broker membership model.
The Insurance Fraud Bureau (IFB) has unveiled a new broker membership model which it hopes will open intelligence sharing to a wider broker audience.
The IFB claims it will strengthen the industry's collective fight against organised fraud.
The new structure comes as the Association of British Insurers (ABI) estimate detected insurance fraud costs are at £1.3 billion, with a further £2.1 billion going undetected.
The ABI also found 180,000 incidents of application fraud were reported in 2013, an
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