IFB announces BGL Group as latest broker members
21 May 2018
The Insurance Fraud Bureau’s (IFB) broker membership model is going from strength to strength with the announcement that it is welcoming BGL Group, one of the leading insurance brokers in the UK, into its membership.
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.
Welcoming BGL Group on board, Ben Fletcher, IFB Director commented: “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.”
Founded in 1992, BGL Group specialises in both price comparison and Insurance Distribution and Outsourcing.
Julia Walker-Smith, Associate Director, Fraud, BGL Group, commented: “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.”