8th March 2017
Carrot Insurance becomes member of the IFB
Carrot Insurance, part of Trak Global Group, has become a member of the Insurance Fraud Bureau in a move that will see both parties sharing data with one another.
Carrot Insurance will now use IFB products to prevent application fraud and will provide the bureau with data to identify insurance crime.
By using the IFB’s application fraud products, Carrot will be able to gather intelligence to tackle fraud at the point of sale.
Carrot will provide the bureau with data which will feed into these products, offering up information on ghostbroking, and misrepresentation on insurance policies.
Tim Spreadbury, head of claims at Carrot Insurance, said: “Insurance fraud is a big concern for any broker and we’re delighted to have the opportunity to be able to share our telematics data with the IFB.
“This will be a strong partnership that will help us to approach the problem early in the quote process, saving time and money across the business.”
The IFB’s broking membership allows wide-scale sharing of information on fraud which will later be communicated to insurers, promoting a collective effort to fight fraud.
Ben Fletcher, director of the IFB, said: “It is important that we view fraud holistically which means that every organisation is able to play their own role in tackling insurance fraud.
“Detecting and disrupting fraud relies on access to good quality information and the IFB’s position at the heart of the issue, with unrivalled access to industry, law enforcement and other regulatory data, is further strengthened with Carrot’s contribution.”
- June 2018 (1)
- May 2018 (4)
- April 2018 (5)
- March 2018 (7)
- February 2018 (4)
- January 2018 (6)
- December 2017 (7)
- November 2017 (7)
- October 2017 (6)
- September 2017 (7)
- August 2017 (7)
- July 2017 (4)
- Ride sharing and car clubs set to benefit as Trak Global spearheads growth in the ‘new mobility’ sector
- Trak Global hosts BVRLA terrorism awareness workshop
- Trak Global MD Bob Skerrett speaks at Festival of Ideas
- How Mobility as a Service is reshaping the automotive and associated industries along with society as a whole
- Trak Global named in Fastest 50 for second year running