MMA, the broker-only general insurer, has announced today that the company has signed up to the SIRA system (Syndicated Intelligence for Risk Avoidance), joining a number of insurers and financial organisations in the fight against claims fraud.
The SIRA system allows MMA to search financial and insurance fraud databases to identify potential fraud risks either at the policy stage or upon receipt of a claim. The intelligence gained from SIRA will be used to flag potential issues which MMA can then investigate. Bob Perry, Commercial Director at MMA commented: “I am delighted that MMA has signed up to use SIRA. I strongly believe that insurance and financial services organisations should work more closely to prevent fraud.
“We are currently using the system to review all new motor claims and all new motor business with the option to extend the use of SIRA to home and commercial policies and claims at a future date.” SIRA was developed by Synectics Solutions and is based on a foundation of 15 years’ experience detecting fraud for insurers, financial services companies and the public sector.
