The Motor Insurers’ Bureau of Ireland (MIBI) is continuing its journey of modernisation, attendees at the Annual Conference heard. The advances made to the MIBI Constitution, improved efforts to combat fraud, enhanced corporate governance and developments in the wider insurance sector were all cited as having contributed to the heightened performance of the MIBI over the past twelve months.
The Motor Insurers’ Bureau of Ireland (MIBI) believes the strategy they introduced for fighting fraud is impacting on the market, after recording an 8 percent decrease in claims involving uninsured or untraced vehicles during the first 7 months of 2018. Over the January to July period this year, the MIBI received a total of 1,572 claims, a drop of 144 in total when compared to the same period in 2017.
An interesting per capita heatmap of MIBI's uninsured and untraced (hit & run) 2017 claims by county, and an analysis of claims volumes by county considering urbanisation. This allows comparison of claim rates between counties having regard for their population sizes.
Claims caused by uninsured and untraced vehicles remain worryingly high. The MIBI remain committed to working with key Government and Industry stakeholders to combat this problem, whilst compensating the victims of uninsured drivers.
David Fitzgerald FCCA, CEO of MIBI on plans to 'force fake car insurance claims off the road...' Accounting and Business, November/December 2017.
October 2017 edition of 'Irish Broker Magazine'
On the 10th of October, 2017, Motor Insurers’ Bureau of Ireland (MIBI) held their inaugural MIBI Service Provider Conference in Dublin’s Ashling Hotel. There they highlighted the worrying trend of uninsured driving reaching epidemic levels with over 150,000 vehicles without insurance on Irish roads.
See MIBI Fraud Strategy Document here
1 in 8 claims received by MIBI ‘suspicious’
MIBI Warning follows jump in number of uninsured private vehicles on Irish roads
Increase in claims will eventually impact on premiums
The Motor Insurers’ Bureau of Ireland (MIBI) has announced the appointment of Mr. David Fitzgerald as their new Chief Executive.
STATEMENT FROM MIBI ON ENTERPRISE INSURANCE
Average motor insurance holders to face estimated additional increase of €52.50 if liabilities remain