Ageas joins IFR
Ageas has joined the Insurance Fraud Register (IFR).
The IFR, which is managed by the Insurance Fraud Bureau, allows members to share details of known fraudsters that can be used to strengthen the initial validation process at the application stage.
Rob Smale, claims director at Ageas and IFB supervisory board member, said, ‘We’ve been involved in this project since its inception, and are delighted to now be onboard. All anti-fraud data should be made available to businesses and people managing fraud. However it’s only right, and indeed reassuring to the public, that appropriate controls are in place to ensure data protection.
Rob continued, ‘The cost of fraud to the insurance industry is massive and although there is no silverbullet, sharing intelligence will undoubtedly help us become more effective in our fight against it. The more we work together as an industry to tackle fraud, the more effective systems like the IFR will become. I’d encourage more insurance companies to sign up.’
The IFR launched in November 2013.