Tempcover joins IFB to tackle motor fraud
Short-term motor insurance provider Tempcover is partnering with the Insurance Fraud Bureau to tackle motor fraud.
The partnership reflects Tempcover’s commitment to tackling motor fraud across the industry and providing greater protection for its 3.7 million users.
Through this collaboration, it will contribute to and benefit from shared intelligence, strengthening the industry’s ability to identify threats such as application fraud and ghost broking.
Bruce Coxwell, chief underwriting officer at Tempcover, said: “We recognise that the speed and convenience of our products must be matched by equally agile fraud prevention. Joining the IFB ensures our digital journeys are supported by the most robust data available, allowing us to enhance our own defences while actively supporting the wider industry.
“By sharing insights to disrupt fraudulent activity at the point of application, we are providing greater peace of mind for our customers and more robust protection for our partners.”
Motor fraud
Ursula Jallow, director at the IFB, said: “We are delighted that Tempcover has joined the IFB. Tempcover represents a diverse range of insurance products, along with a strong desire of collaboration in the fight against fraud within the temporary insurance market, where it is evident, there has been an increase in both application fraud and ghost broking.
“We look forward to working closely together, particularly when it comes to harnessing new opportunities through compliant data and intelligence sharing, which is a real strength of our membership.”
