Government response to Insurance Fraud Taskforce recommendations welcomed by IFB
26 May 2016
- IFB committed to work with industry to deliver recommendations from the Insurance Fraud Taskforce final report
- Taskforce set up to investigate and recommend how to reduce insurance fraud.
The Government statement, which accepts all of the recommendations from the Taskforce final report, recognises the impact of insurance fraud stating that it is imperative that organisations are taking the recommendations forward. IFB has been and will continue to work with the Association of British Insurers (ABI), industry and regulators to take the actions forward. Of particular focus for the IFB are the recommendations concerned with improved data sharing and consumer awareness and education.
Ben Fletcher, Director of the IFB said: “We are glad to see that the statement clearly recognises that insurance fraud has a real impact on honest members of the public and that it is not a victimless crime. Tackling this problem requires a collaborative approach and we are fully supportive of this.
The IFB have welcomed all of the recommendations made by the Taskforce and we are committed to working with Government and industry organisations to ensure we are tackling this serious problem of insurance fraud.”