After recording a national drop in figures in claims involving uninsured or untraced vehicles during the first 7 months of 2018, the Motor Insurers’ Bureau of Ireland (MIBI) believes the strategy they introduced for fighting fraud is impacting on the market.
The non-profit organisation was established to provide compensation to victims of accidents involving uninsured or untraced vehicles.
Over the January to July period, the MIBI received a total of 129 claims from Cork, a drop of 1 from the claims they had received by the end of July 2017.
Tipperary and Waterford also saw a decrease in claims over the same period (-2 and -7 respectively), although Limerick saw an increase of 5 claims (94 to 99).
COMPREHENSIVE PLAN
Last year the MIBI introduced a comprehensive plan to make it as difficult as possible for fraudulent claims to succeed.
This included measures to put the full weight of the MIBI’s internal and external resources behind investigating suspicious claims, working hand in hand with the Gardaí to look into these cases as well as legally contesting such claims and bringing them to trial to be scrutinised by the full power of the courts.
The number of claims throughout the country decreased by 144 for the period in question, marking an 8% decline in claims when compared to 2017.
In the first 7 months of the year, the MIBI has received fewer claims from 18 of the 26 counties. The largest drop in number of claims came from Louth with 34 fewer received by the end of July.
Of the eight counties which recorded an increase in claims, the largest was in Laois, which recorded 8 additional claims in comparison with 2017.
