Menu
21/01/2005
Database launched to trap cheating motorists
A national database has been launched to help insurance companies catch motorists who make fraudulent motor insurance claims.
The database, which is being run by vehicle information experts HPI, will contain details of all vehicles written-off following an accident, as well as those reported as stolen. The new system, which will replace the Motor Insurance Anti Fraud and Theft Register, will contain details of over six million claims made against vehicles.
The database will help to identify fraudsters who insure their vehicle with several insurers at the same time and they try to make several claims, following a genuine or staged accident or by reporting the car as stolen.
The new system has already caught several people, including a man who insured a Fiat car with 11 different insurers and tried to claim from each one, following an accident he had caused himself. If his scheme had worked, he would have collected £34,000 for a car only worth £1,000.
Commenting on the new database, Justin Jacobs, Head of Motor and Risk Pricing at the Association of British Insurers, said: "Dishonest motor insurance claims are paid for by honest customers – this is why insurers are determined to stamp them out. The development of this new database shows the industry's commitment to sharing information with the common aim of reducing insurance fraud. Not only will it help detect more motor insurance fraud, but it will act as a strong deterrent, making anyone thinking of cheating on their insurance, think twice."
(KMcA/SP)
The database, which is being run by vehicle information experts HPI, will contain details of all vehicles written-off following an accident, as well as those reported as stolen. The new system, which will replace the Motor Insurance Anti Fraud and Theft Register, will contain details of over six million claims made against vehicles.
The database will help to identify fraudsters who insure their vehicle with several insurers at the same time and they try to make several claims, following a genuine or staged accident or by reporting the car as stolen.
The new system has already caught several people, including a man who insured a Fiat car with 11 different insurers and tried to claim from each one, following an accident he had caused himself. If his scheme had worked, he would have collected £34,000 for a car only worth £1,000.
Commenting on the new database, Justin Jacobs, Head of Motor and Risk Pricing at the Association of British Insurers, said: "Dishonest motor insurance claims are paid for by honest customers – this is why insurers are determined to stamp them out. The development of this new database shows the industry's commitment to sharing information with the common aim of reducing insurance fraud. Not only will it help detect more motor insurance fraud, but it will act as a strong deterrent, making anyone thinking of cheating on their insurance, think twice."
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
30 May 2014
Insurance Fraud Reaches Record High
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3 billion in 2013, up 18% on the previous year according to figures published today by the Association of British Insurers (ABI). This figure is more than double the cost the UK's shoplifting bill.
Insurance Fraud Reaches Record High
The value of fraudulent insurance claims uncovered by insurers rose to a record £1.3 billion in 2013, up 18% on the previous year according to figures published today by the Association of British Insurers (ABI). This figure is more than double the cost the UK's shoplifting bill.
17 December 2013
Competition Commission Criticises Motor Insurance Industry
The Competition Commission has made a number of recommended revisions to the motor insurance industry following a year long review at the request of the Office of Fair Trading (OFT). The commission described premiums as "unnecessarily high" for all drivers due to the complex chain of claims, blaming the cost of courtesy cars and repairs.
Competition Commission Criticises Motor Insurance Industry
The Competition Commission has made a number of recommended revisions to the motor insurance industry following a year long review at the request of the Office of Fair Trading (OFT). The commission described premiums as "unnecessarily high" for all drivers due to the complex chain of claims, blaming the cost of courtesy cars and repairs.
16 April 2009
Insurers Detect Record Amount Of Fraudulent Claims
Insurers are detecting record levels of fraudulent insurance claims, 2,000 every week - worth £14 million - according to figures released today by the Association of British Insurers (ABI).
Insurers Detect Record Amount Of Fraudulent Claims
Insurers are detecting record levels of fraudulent insurance claims, 2,000 every week - worth £14 million - according to figures released today by the Association of British Insurers (ABI).
04 October 2012
Call For Young People Driving Overhaul
Radical measures, such as a minimum one year learning period, restrictions on night time driving and lowering the alcohol limit for driving, are now needed to reduce the high crash risk young drivers face and to lower their motor insurance costs according to a report published today by ABI.
Call For Young People Driving Overhaul
Radical measures, such as a minimum one year learning period, restrictions on night time driving and lowering the alcohol limit for driving, are now needed to reduce the high crash risk young drivers face and to lower their motor insurance costs according to a report published today by ABI.
23 April 2012
Consumers Told To Make PPI Claims Directly
A summit will be held today aiming to shed light on the cost of using claims management companies for payment protection insurance (PPI) claims.
Consumers Told To Make PPI Claims Directly
A summit will be held today aiming to shed light on the cost of using claims management companies for payment protection insurance (PPI) claims.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
