News release
For immediate release: 15 December 2014
IFB announces changes to Technical Board
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New Chair of the IFB Technical Board announced.
Work starts to create a project team to drive forward IFB‟s five-year strategy (2015 to
2020).
Richard Davies, Global Chief Fraud Control Officer, AXA, has been appointed as the new Chair
of the Insurance Fraud Bureau (IFB) Technical Board. Davies has a long-standing involvement
with the IFB and has been a member of the Technical Board since its inception in 2012.
Following the announcement of the IFB‟s five-year strategy 2015 to 2020 (2020 Vision,
Evolving The Insurance Industry’s Fight Against Fraud), applications to sit on the Technical
Board were invited in November 2014. As a result, over 50% of the Board will change with
effect from 1 January 2015 and includes seven new members.
Established in response to the IFB‟s 2011 Strategic Review, the Technical Board comprises of
leading fraud experts representing IFB members from across the industry. The Board‟s role is
to advise and drive the development of IFB initiatives and counter-fraud products. A notable
achievement which demonstrates the Board‟s focus to deliver for IFB customers is the fact that
the Bureau has hit or exceeded all key performance indicators. This includes a significant
increase in the number of IFB operations over the past three years - standing at 30+ operations
with a value of £50+ million at the close of 2011 and rising to 120+ operations with a total value
of £120+ million in 2014.
Davies said: “Fraudsters aren‟t standing still and as their methods evolve our response needs
to adapt. Consequently there is plenty of work to be done to ensure that IFB‟s „Business As
Usual‟ and governance models evolve to meet the strategic needs of the wider industry.”
Ben Fletcher, IFB Director, explained: “The Technical Board is an integral part of the IFB and
the members have played a key role in determining the principles of IFB‟s strategic direction for
the next five years. I would like to thank every member for their commitment to date and I am
sure the IFB can count on their future support.”
The IFB Technical Board members from 1 January 2015 will be:
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Paul Bates, Tradewise Insurance Services Limited (new member)
Richard Davies, AXA (existing member)
Sue Evans, EUI Limited (new member)
Tom Gardner, Aviva plc (new member)
Matt Gilham, esure (existing member)
Chris Hallett, 1st Central (existing member)
David Halstead, AIG (new member)
Ursula Jallow, LV= (existing member)
James Langdown, Ageas (new member)
Allan Peak, Markerstudy Insurance (new member)
Paul Priestley, Hastings Direct (new member)
Rob Speigelhalter, NFU Mutual (existing member)
Bob Spencer, Direct Line Group (existing member)
News release
In addition to the changes to the Technical Board, the IFB is creating a project team to drive
forward the implementation of the strategy. The team will consist of three component parts: a
Project Board with overall responsibility for the governance and delivery of the strategic work
programme accompanied by two dedicated work streams. The first work stream will focus on
IFB‟s expansion to manage organised, cross-industry fraud risks across all product types. The
second will concentrate on creating the required infrastructure to share intelligence in a
compliant and efficient manner.
Dedicated project resource is being recruited by the IFB although the Project Board and each
work stream will have an independent insurer Chair. The project formally starts on 1 January
2015, with three members of the current Technical Board assuming these new roles.
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Mihir Pandya, Allianz, will chair the IFB Strategy Project Board.
Scott Clayton, Zurich, will chair the work stream dedicated to IFB‟s expansion into other
product lines.
John Beadle, RSA, will chair the work stream to build the intelligence-sharing
infrastructure.
Pandya, Fraud Manager at Allianz, said: “The Project Board and work streams will work closely
with the Technical Board to ensure the IFB strategy strengthens the industry‟s capability to
tackle all forms of fraud. I am looking forward to supporting the IFB to implement this crucial
stage of the strategy.”
- ENDS -
About the IFB:
The IFB launched on July 26 2006 and was formed to provide a cost effective, tactical solution
for the detection and prevention of organised, cross-industry fraud, supporting the wider
Association of British Insurers (ABI) industry fraud strategy. The IFB leads or co-ordinates the
industry response to the identification of criminal fraud networks and works closely with the
Police and law enforcement agencies.
www.insurancefraudbureau.org
www.twitter.com/theifb
For further information please contact:
Louise Coxon
Communications Controller
Motor Insurers‟ Bureau
Telephone: 01908 42 2397
Mobile: 07595 551 608
Email: [email protected]