Polaris said this week that it expects to develop a funding model for an industry-wide anti-fraud database by January of next year.

Polaris is studying the issues of setting up a database to enable insurers to share fraud data.

A Polaris spokesman said: "We're currently leading the 'proof-of-concept' phase of the project. We expect to have a funding model for recommendation to insurers in January 2005."

The spokesman said Polaris was working on the project in conjunction with several suppliers including Experian, ISO and CSC.

The ABI said this week that it was collating statistics on fraudulent personal lines claims in an effort to draw up anti-fraud best practice guidelines.

ABI head of financial crime prevention Debra Weekes said the deadline for insurers to submit information had passed and processing the data would begin.

Results of the survey are expected next month.