A national database designed to expose fraudulent motor insurance claims is expected to save the industry £20,000 a day, the ABI said.
The database has replaced the motor insurance anti fraud and theft register
The ABI said it would contain details of all vehicles written-off following an accident or reported stolen.
It would also detail more than 6 million claims for total loss vehicles, enabling insurers to expose scams and protect honest motorists.
The ABI claimed the system would 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'.