The Insurance Fraud Bureau have today launch a press release detailing how the Bureau is to expand the fight fight against organised fraud beyond motor between 2015 - 2019
John O'Roarke: "New strategy marks timely and natural evolution of the IFB."
The Insurance Fraud Bureau (IFB) will extend its fight against organised fraud into other product lines.
Undetected general insurance fraud is estimated to cost the insurance industry £2.1 billion every year, with honest policyholders feeling the effect through increased premiums. By expanding its focus beyond motor, the Insurance Fraud Bureau will provide more support for the industry and help them protect their customers from the cost of fraud.
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