New database to benefit honest consumers

Posted :20-01-2005

A national database has been launched to catch motorists making fraudulent insurance claims.

It is estimated that this register will save £20,000 a day in detecting and deterring fraudulent motor claims, which could inturn lead to lower premiums for consumers.

"Dishonest motor insurance claims are paid for by honest customers - this is why insurers are determined to stamp them out," said Justin Jacobs, head of motor and risk pricing at the ABI.

"The development of this new database shows the industry's commitment to sharing information with the common aim of reducing insurance fraud."

The database will help identify fraudsters who insure their vehicle with several insurers at the same time and then try to claim from each following a genuine or staged accident, or having reported the vehicle as 'stolen'.
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