BGL Group joins the likes of AA, Swinton and Carole Nash on the IFB’s broker model
The collaborative model, which was launched in 2014, facilitates the sharing of intelligence between the IFB and its broker members in order to fight insurance fraud.
BGL Group joins existing broker members AA, Swinton, Carole Nash, Premium Choice and Carrot Insurance.
IFB’s broker model was designed to enable brokers to manage risk and identify fraud as early as possible during the quote process.
Ben Fletcher, IFB director said: “Since 2015, the number of new IFB investigations into application fraud has increased by 67%, meaning data sharing within the industry is absolutely essential in order to tackle fraud.
”With this in mind, BGL Group’s membership is extremely positive news for the IFB and the wider insurance community. Their membership to IFB will significantly enhance the volume of intelligence relating to application fraud that is available to all members.”
Julia Walker-Smith, associate director of fraud, BGL Group, added: “With almost nine million customers across the business, we take our responsibility to detect and prevent fraudulent activity very seriously.
”Sharing intelligence with others in our industry is one of the most important and practical steps we can take towards this goal, and we look forward to working with the IFB in the months and years to come.”