Groupama: Brokers want to do more to tackle fraud

A survey of brokers by Groupama Insurances found brokers felt the insurance industry should be sharing more information to tackle fraud and that brokers have a key role to play in this process. It found 93% of brokers felt penalties for fraud should be higher as a means to deter fraud, while 95% felt the industry should share more information to combat financial crime. Asked if they felt a central database of known fraudsters would help deter opportunistic fraudsters, 88% agreed. Andy Pagett, Counter Fraud Manager at Groupama Insurances said: "This survey certainly indicates that b...