Brokers declare support for central database of fraudsters

The vast majority of brokers feel penalties for insurance fraud should be higher and a central database of fraudsters, used at point of sale, would help to deter fraud according to a survey by Groupama Insurances.

In the survey of more than 200 brokers Groupama found that 93% of brokers felt penalties for fraud should be higher as a means to deter fraud. Furthermore, 95% felt the insurance industry should be sharing more information to combat fraud and other financial crime. When asked if they felt a central database of known fraudsters would help deter opportunistic fraudsters, 88% agreed.

Andy Pagett, counter fraud manager at Groupama, said: "This survey certainly indicates that brokers are just as