Insurance Fraud Bureau launches broker facility

27th September 2011

The Insurance Fraud Bureau (IFB) is a not-for-profit organisation funded by the insurance industry, specifically focussed on detecting and preventing organised and cross industry insurance fraud. It operates in partnership with insurers, compensators, law enforcement, regulators and other agencies.

The IFB is introducing a Broker Model for larger retail intermediaries who wish to work with the IFB to tackle insurance fraud.  Subject to an annual levy, the IFB offers affiliated brokers a range of facilities including regular alerts relating to suspected or known insurance fraud activity,

Members who are interested in participating in this initiative should contact the IFB directly to obtain more information on the terms and costs.

The IFB continues to operate its free and confidential ‘cheatline’ which allows anyone to report fraudulent activity.

For further information visit the IFB website:

http://www.insurancefraudbureau.org