First car insurance fraudster caught
Wed, 11 May 2005
A new national database has succeeded in catching its first car insurance fraudster.
The Association of British Insurers' database contains details of all vehicles written off following an accident or reported stolen. The new system allows for increased detection of people who insure their vehicle with several insurers at the same time and then try to claim from each following an accident or theft.
The policyholder had claimed that his car had been stolen and recovered stripped however, the database revealed that the man had previously made the exact claim on the same vehicle.
Miles Keeble, chair of the ABI's management committee and business development controller at Cox Insurance, said: "The Database is clearly doing its job well - helping insurers to deter and detect insurance fraud. In a short space of time, the system is already providing real benefits for insurers and honest policyholders."
The ABI believe that database not only helps insurers detect more fraud but also acts as a deterrent to anyone who is thinking of making a fraudulent claim.
© DeHavilland Information Services plc
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