Data hub to combat motor insurance fraud is long overdue

THE Automobile Association has estimated that the cost of motor insurance fraud in Ireland is adding up to €50 to every premium taken out.

While the insurance industry in Ireland regularly campaigns about fraudulent claims, it remains silent on another type of fraud which it could do a lot to eliminate.

As Conor Faughnan of the AA points out: “There is also fraud at the point of purchase, because Insurance Ireland has not yet completed the task of creating an integrated hub for data-sharing amongst providers.”