Alliance for Insurance Reform welcomes establishment of garda insurance fraud office
An Insurance Fraud Coordination Office (IFCO) has been established to help combat fraudulent and exaggerated insurance claims
7 September 2021 | 0
The Alliance for Insurance Reform has warmly welcomed the establishment of an Insurance Fraud Coordination Office (IFCO) under the control of the Garda National Economic Crime Bureau (GNECB) to help combat fraudulent and exaggerated insurance claims.
Eoin McCambridge, managing director of McCambridge’s of Galway and director of the Alliance said the organisation had been campaigning for this from day one.
“It marks a major step in the battle against insurance fraud, formalising as it does a structured and streamlined approach by the Gardaí,” he said. “It will act as a significant deterrent to anyone considering making a fictitious or exaggerated claim.”
“The establishment of IFCO is the first step in the eradication of the scourge of insurance fraud,” added Peter Boland, director of the Alliance.
“There are two more significant steps required to make sure this initiative works,” he outlined.
“Firstly, insurers must take fraud seriously, by stepping up their anti-fraud capacity through ‘the recruitment of suitably trained personnel and the development of various technological means of combating fraud’ as recommended by the Personal Injuries Commission chaired by Justice Nicholas Kearns. The days of settling fraudulent claims as an expedient and then passing the cost of this approach on to society must end.
“Secondly, we call on the Garda Commissioner to urgently establish Divisional structures to counter fraud,” Boland added. “This initiative was announced by An Garda Síochána in 2019 but nothing has happened on it since.”