ABI targets insurance application form fraud

clock

The ABI is set to publish industry guidance to help insurers, brokers and comparison websites better identify insurance application form fraud.

It follows a working group with the British Insurance Brokers Association (Biba), the Institute of Insurance Brokers (IIB) and several comparison websites. The ABI said the guidance is a prompt for firms to enhance their ability to detect and disrupt fraud at application and should help to avoid accepting customers who are applying fraudulently. It expects this to complement the established industry capability in detecting fraud when claims are made and added it was another piece of the jigsaw in the fight against fraud. The ABI also said that the guidance will help insurers, broke...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Insurer

'Fragmented and barely functioning' PI market is biggest threat to advisers - Beaufort chairman

Excesses up five-fold

Sophie King
clock 19 December 2019 • 1 min read

Scottish Widows commits to PDG Claims Charter

Also signs Funeral Payment Pledge

Katie Crook-Davies
clock 08 May 2019 • 1 min read

UK mutuals generate more than £130bn income annually

'Touch lives of one in three'

Adam Saville
clock 07 May 2019 • 2 min read