swiftcover.com cracks down on drivers who lie about their insurance

October 4th, 2010

People lying about their claims history when buying insurance costs up to £1 million each year in lost premiums, and many of those who lie will go on and attempt to make fraudulent claims. The unfairness of it all is that law abiding drivers are the ones who end up paying higher premiums to subsidise people who lie.

But swiftcover.com is now using a new system which will automatically check the claims history of motor insurance applicants. The system will be able to compare the claims disclosed with a database holding the details of 22 million drivers, so if the amount of claims disclosed does not match the details on the database then they will be asked to check that their application is correct.

Steve Gaywood, swiftcover.com’s Counter Fraud and Compliance Manager, explained

“It is not fair that safe, law-abiding drivers should pay higher premiums to subsidise people who lie about their previous claims to get cheaper insurance. swiftcover.com’s new check will help us identify people that have not fully disclosed their claims history and ensure that they are charged the appropriate price for their insurance.”

This new system will help keep insurance costs lower for drivers who are open and truthful about their claims history.

Entry Filed under: Technology, research, insurance