How Insure 247 Helps To Combat Fraud
The use of insurance policy documents that are not valid or paid for is considered fraud.
To combat fraud Insure 247 actively shares information with The Insurance Fraud Bureau of Australia.
The Insurance Fraud Bureau of Australia (IFBA) is a working element of the Insurance Council of Australia(ICA), established to help combat insurance fraud in all of its forms.
The specific mandate of IFBA is to execute information collection, sharing and analysis of insurance fraud information that facilitates insurance company (members of the ICA) action against insurance fraud, informs community decision making and law enforcement investigations activity; to reduce the incidence and impact of insurance fraud on honest policyholders. In other words, IFBA exists to help stop individuals committing insurance fraud so that the costs are not passed onto those in the community who do the right thing.
Should you have any further queries contact the team.