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News - Commercial risks database next possible move for IFB.

Europe Intelligence Wire

| February 01, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Post Magazine)

The Insurance Fraud Bureau could look to build a database on commercial risks as its next logical step, Post can reveal.

John Beadle, chairman of the IFB steering group, told Post that commercial risks as well as managing organised travel fraud could be next on the agenda. "We have previously said staged motor accidents affect commercial books as much as the personal lines books, but that shared data for these commercial risks doesn't yet exist. Building that dataset could be a logical next step.

"We are also keenly aware there are large commercial organisations and local authorities, which handle their own employers' liability and property liability claims. They are targeted by fraudsters, some of whom are ...

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