Zurich launches anti-fraud team
February 16, 2007 by admin
Filed under News, News-Insurance
A new investigation team has been established to deal with fraudulent motor insurance claims.
Zurich has set up the team in order to tackle the crime and the firm feels that having a group of professionals who are dedicated to fighting fraud is the way forward.
It means that there will now be motor fraud specialists who can focus completely on eliminating fraud and do not have to worry about dealing with other claims as well.
“The main objective of this scheme is to ensure we enable the teams to focus solely on the elimination of fraud,” said Scott Clayton, claims fraud and investigations manager at Zurich.
“The Insurance Fraud Bureau findings show that approximately 22,500 staged and induced motor accidents have taken place across the country since 1999 – this figure has increased year-on-year during that period.”
By cracking down on insurance fraud, Zurich believes that it will be able to offer benefits to its law-abiding customers by cutting premiums.
“By making it more difficult for individuals to commit fraud, we hope these new teams will act as a deterrent to would-be criminals and reduce the extra five per cent premium paid charged to honest customers to meet the cost of fraudulent claims,” said Tony Emms from Zurich.
The establishment of the anti-fraud team is good news for people looking to get car insurance, not only because of the potential financial benefits, but also as insurance fraud is often linked to other crime.
