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Thousands lie on motor cover forms, says ABI | Thousands lie on motor cover forms, says ABI |
(about 11 hours later) | |
A total of 180,675 fraudulent applications for motor insurance were detected by the industry last year, a trade body has said. | A total of 180,675 fraudulent applications for motor insurance were detected by the industry last year, a trade body has said. |
The Association of British Insurers (ABI) said applicants failed to disclose full information to specific questions about their driving record. | The Association of British Insurers (ABI) said applicants failed to disclose full information to specific questions about their driving record. |
These included previous claims and unspent convictions. | These included previous claims and unspent convictions. |
The ABI said that some had attempted the fraud in an attempt to secure cheaper motor insurance cover. | The ABI said that some had attempted the fraud in an attempt to secure cheaper motor insurance cover. |
"Industry initiatives, such as the Insurance Fraud Register and the soon to be available MyLicence initiative that will address non-disclosure of motoring offences, will make it harder than ever to deceive to try and get cheaper motor cover," said Aidan Kerr, of the ABI. | "Industry initiatives, such as the Insurance Fraud Register and the soon to be available MyLicence initiative that will address non-disclosure of motoring offences, will make it harder than ever to deceive to try and get cheaper motor cover," said Aidan Kerr, of the ABI. |
The MyLicence plan is aimed at enabling the insurance industry to obtain driver information such as motoring convictions and penalty points directly from the Driver and Vehicle Licensing Agency (DVLA). | |
The figures have been collected for the first time as the industry meets for a conference on insurance fraud in London. | The figures have been collected for the first time as the industry meets for a conference on insurance fraud in London. |
Recent figures have shown falls in motor insurance premiums. The British Insurance Brokers' Association (BIBA) reported a 5.6% fall in motor insurance costs in the second quarter of the year. | |
The £11bn private motor insurance market has previously been criticised by competition authorities, which described premiums as unnecessarily high and said the system was not working well for motorists. |
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