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Fraud Bureau may probe life and protection

The Insurance Fraud Bureau may in future investigate the life and protection market in a bid to clamp down on insurance fraud.

IFB head of unit Sue Jones says although the bureau concentrates on organised personal lines claims, such as motor fraud, it may consider looking at the sale of life and protection policies.

She says: “We receive calls to our cheatline about all types of insurance fraud on a fairly regular basis but because of the nature of the data in the databases in the market already, it means that we do not have life, critical-illness insurance and income protection at this point in time.

“Looking forward, we hope to expand the services we offer into other lines of business. However, because it is a strategic decision it will come down to the Association of British Insurers about what the top priority is.”

ABI spokesman Jon French says the IFB does not have a formal remit to deal with protection and life insurance but it is something that the ABI would look at if it pro- ved beneficial in the fight against insurance fraud.

Alongside the IFB there is already the Health Claims Register, run by the ABI, which deals with life and protection insurance. French says there will soon be a replica of the HCR to deal with PMI.

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