IFB opens membership to insurance supply chain

03 April 2017

The Insurance Fraud Bureau (IFB) has, for the first time, opened up its membership to the insurance industry supply chain, including defendant solicitors, investigators, loss adjustors and third-party administrators.

Affiliate members will have access to fraud intelligence alerts issued by the IFB and will contribute to the 150+ cross-industry investigations currently managed by the Bureau.

Ben Fletcher, Director of the IFB, said: “Launching an IFB affiliate membership model is a significant step forward for the insurance industry in establishing a truly holistic counter-fraud strategy. The insurance industry has always benefitted from a proactive and experienced supply chain of defendant lawyers, investigators, loss adjustors and third-party administrators, whose access to data can only enrich the fight against fraud.”

“The data and intelligence held by affiliate firms, combined with their expertise and experience will support in closing the net on systematic fraud – more savings for the industry, more convictions and less opportunity for the fraudsters.”

Matthew Cantle, Managing Director of The Cotswold Group said  “We are delighted to be part of the first wave of IFB affiliate members. Coordinated and effective data sharing is an essential element of a truly market wide solution and this initiative underlines the importance of the IFB’s role as the intelligence hub for the industry.”

To read the full article on the IFB website please click here