Fraud within insurance is by no means a new phenomenon however the rapidly increasing number of fraudulent claims reported is having the knock on effect of raising insurance premiums. According to the Insurance Fraud Bureau (IFB), fraud adds as much as £50 to the price of an average policy!
Elite Insurance has never been one to sit still and allow such injustice to happen so, to counteract fraudulent activity and to protect the best interests of its customers, Elite has created an in-house fraud prevention department.
Based at the Grantham headquarters, this team will focus on monitoring, detecting and preventing insurance fraud. Fraudulent activity identified will be pursued to the full extent of the law, leaving no stone unturned to ensure the culprits are brought to justice.
As an active member of the IFB, Elite is committed to reducing the insurance industry’s exposure to fraudulent claims and ultimately the price that honest customers are left to pay. CEO Jason Smart says: “It is an absolute disgrace that a small minority of individuals are having such a negative impact on our customers and we will do everything we can to prevent this from happening.”