One of the UK’s leading motor insurers are to set up an Anti Fraud Team that plans to reduce premiums being paid by honest customers by weeding out customers who are likely to make fraudulent claims.
Hastings Direct and sister brands, Renew, Insure and Likewise are investing in state of the art technology that will help them to seek out and reject the customers who are likely to make a fraudulent claims at point of sale.
Fraudulent claims are said to cost the motor insurance industry £1.9 billion each year and cost the innocent motorist an extra £100 per year on their insurance premium.
A pilot scheme that was set up a couple of months ago by the group, revealed that 15% of potential clients had given incorrect driving licence details, such as using old licences to get around speeding convictions and the like.
Chief executive of Hastings Direct, Edward Fitzmaurice, says:
“We feel strongly about the fact that honest drivers, who have built up their no-claims bonuses, should not be forced to ‘bail out’ those who are intent on trying to defraud the system.”
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