Amanda Blanc, new Chair of the Insurance Fraud Bureau (IFB), says: ‘IFB vital industry tool that we can all use to prevent insurance fraudsters
The Insurance Fraud Bureau which provides a bridge between the insurance industry, law enforcement and consumers in the fight to expose and detect insurance fraud in the UK, has appointed a new Chairman.
Amanda Blanc, CEO of AXA UK & Ireland General Insurance, has today, 3 May 2016, taken over the reins as Chairman from John O’Roarke who stepped down as the Bureau’s Chairman.
Outgoing Chairman, John O’Roarke who has been in the role for the past three years is also due to stand down from his role as Managing Director of general insurance at LV=.
Blanc’s has a tough stance on fraud and protecting consumers and it is no surprise her appointment is welcomed by the industry. Continuing from O’Roarke, Blanc’s role will involve continuing to deliver the IFB’s extended remit following its strategic review in 2015.
Blanc, who was formally appointed on 30 March, said: “Fraud is a persistent problem, not just in insurance but in every facet of the UK economy and the IFB is a vital industry tool that we can all use to prevent fraudsters from profiting from their activity and ensuring that we can protect honest customers from the impact of fraud.
“The strategic review and consultation undertaken last year culminated in an industry agreement to extend the remit of the IFB. In progressing that remit, my focus this year will be upon supporting the executive team in meeting those strategic objectives, issuing products in Property and Liability, amending the legal rules and delivering the new funding model for 2017.”
Appointed to the AXA Board in 2011 as Chief Executive of AXA Insurance Commercial Lines, Blanc has seen her responsibility extend twice; the first time in 2012 where she assumed responsibility for the Personal Intermediary division and then again in 2016 when she assumed responsibility for all of AXA UK & Ireland General Insurance. Previous experience includes senior roles at Commercial Union, Groupama and Towergate Partnership where she was Deputy Group Chief Executive Officer.
The IFB works closely with a wide range of organisations including the Association of British Insurers (ABI) and the Insurance Fraud Enforcement Department, City of London Police. James Dalton, Director of General Insurance Policy, ABI, said: “The insurance industry is fully focused on combatting fraud to protect honest policyholders.
“The IFB plays a central role in coordinating the industry’s fraud prevention and detection work. Amanda Blanc’s wealth of industry expertise will be invaluable as the IFB embarks on delivering on its extended remit following its strategic review last year as we look to improve the governance of the industry’s counter fraud activity overall .”