IFB opens membership to insurance supply chain
03 April 2017
- IFB membership now available to defendant solicitors, investigators, loss adjustors etc.
- 10 new members sign up on launch of IFB ‘Affiliate Model’
The Insurance Fraud Bureau (IFB) has, for the first time, opened up its membership to the insurance industry supply chain, including defendant solicitors, investigators, loss adjustors and third-party administrators.
Following the launch of the IFB’s ‘Affiliate Model’, 10 new members have today joined the insurance industry’s collaborative fight against fraud, including BLM, The Cotswold Group, CoventBridge Group, DAC Beachcroft, DWF LLP, Hill Dickinson, Horwich Farrelly, Kennedys Law, Keoghs and Robertson & Co.
Affiliate members will have access to fraud intelligence alerts issued by the IFB and will contribute to the 150+ cross-industry investigations currently managed by the Bureau.
Ben Fletcher, Director of the IFB, said: “Launching an IFB affiliate membership model is a significant step forward for the insurance industry in establishing a truly holistic counter-fraud strategy. The insurance industry has always benefitted from a proactive and experienced supply chain of defendant lawyers, investigators, loss adjustors and third-party administrators, whose access to data can only enrich the fight against fraud.”
“The data and intelligence held by affiliate firms, combined with their expertise and experience will support in closing the net on systematic fraud – more savings for the industry, more convictions and less opportunity for the fraudsters.”
IFB – New members
BLM - Category: Defendant Solicitor
“BLM has worked alongside the insurance industry in its fight against fraud for many years, with an increasing focus on identifying new areas as they become ‘fraud hotspots’; seeking ways to make fraud virtually impossible for would-be perpetrators. The IFB does an excellent job in supporting the industry and we are looking forward to using our membership as a way to share our wide ranging data set with members, and assist the IFB in identifying potential links to fraudsters in order to enhance its members’ ability to fight fraud.”
Sarah Hill, Head of Fraud, BLM
The Cotswold Group - Category: Investigator
“We are delighted to be part of the first wave of IFB affiliate members. Coordinated and effective data sharing is an essential element of a truly market wide solution and this initiative underlines the importance of the IFB’s role as the intelligence hub for the industry.”
Matthew Cantle, Managing Director, The Cotswold Group
CoventBridge Group - Category: Investigator
“CoventBridge Group is proud to have been appointed affiliate membership to the IFB and we look forward to supporting their continued fight against fraud. We have long admired the Bureau’s ambitious road map of fraud initiatives and we are delighted to be part of this new chapter. Our counter-fraud expertise and intelligence will add value to the collective long-term objectives, and active involvement will help us provide our insurer clients with an unrivalled defence against systematic fraud. Like the IFB, CoventBridge deliver market leading data security practices and comply to ISO27001, HIPAA and SOC2-T2.”
Steve Cook, Managing Director, CoventBridge Group
DAC Beachcroft - Category: Defendant Solicitor
“At DAC Beachcroft we have long championed counter fraud collaboration at our intelligence forums. We are really excited to be able to extend our view of cross-industry exposure and to complement our cross-sector fraud database. The IFB affiliate process provides us with a great opportunity to support our clients by adding to our already extensive fraud identification suite of products. We have worked successfully with the IFB on specific operations in the past but now will be able to add to our own proactive intelligence capability through increased data sharing.”
Catherine Burt, National Head of Counter Fraud, DAC Beachcroft
DWF LLP - Category: Defendant Solicitor
“At DWF, intelligence and data are at the very heart of our business and we leverage the same in fighting and disrupting fraud across all of our fraud service lines. The industry fight against fraud is only ever enhanced by working collaboratively which has long been supported by the work of the IFB. We have for many years worked closely with the IFB, and are proud to be amongst the first associate members joining the IFB affiliate membership to add to the great work already being done. We welcome being able to share and develop intelligence through such a well-established and long standing industry body."
Nigel Teasdale, Head of Motor, Fraud, Costs & Claimant Teams, DWF
Hill Dickinson - Category: Defendant Solicitor
“Hill Dickinson is delighted to have the opportunity to work with the IFB as part of the new Affiliate Model. The effective use of intelligence is key to the management of insurance fraud and we welcome the opportunity to share intelligence and work more closely with the key industry body for the benefit of our mutual clients.”
Peter Oakes, Head of Fraud, Hill Dickinson
Horwich Farrelly - Category: Defendant Solicitor
“As one of the largest counter-fraud service providers to the general insurance market, Horwich Farrelly is naturally delighted to be part of the first cohort of IFB affiliate members. The benefits of a more integrated relationship with the IFB and increased access to its resources will certainly enhance the counter-fraud capabilities our 200-strong team can deliver to our clients. For our part we hope that the extensive expertise and knowledge we can offer to the IFB and its members will reinforce the industry’s efforts to combat insurance fraud.”
Richard Preston, Head of Intelligence Services, Horwich Farrelly
Kennedys Law - Category: Defendant Solicitor
“Kennedys are proud to have joined the IFB and contribute to the industry response to fraud. Our membership will allow us to facilitate our clients’ fraud strategies and maximise their IFB membership. We are also able to bring the benefits of IFB membership to clients who do not have direct membership whilst at the same time bringing valuable fraud experience from those clients to the IFB. It is programmes like the IFB affiliate membership that remove silos and create greater industry cohesion which will make fraud harder to perpetrate in the future.”
Martin Stockdale, Partner & Head of Counter-Fraud, Kennedys
Keoghs - Category: Defendant Solicitor
“Keoghs’ counter-fraud team has been at the forefront of detection and prevention for nearly two decades and is one of the most experienced in the insurance industry. As an award winning innovator, our intelligence-led approach is built on a unique and highly regarded insurance fraud intelligence unit. Consequently we are delighted to become a founding IFB affiliate member, utilising our intelligence and expertise to help the industry take the next step towards a more collaborative approach to fraud identification.”
James Heath, Director of Counter-Fraud Strategy, Keoghs
Robertson & Co - Category: Investigator
“Having been active supporters of, and contributed at all stages of the development of IFB affiliate membership since it was first mooted, we are delighted that it has finally become a reality and that Robertson’s are part of it. Having an investigation, surveillance and intelligence supplier who has immediate access to and can contribute to IFB data, will considerably enhance the insurance industry’s ability to defend fraudulent claims and at less cost.”
Ben Robertson, Managing Director, Robertson & Co