Amanda Blanc, CEO of AXA UK & Ireland General Insurance, has been appointed as the new Chair of the Insurance Fraud Bureau (IFB). Blanc, formally appointed on 30 March, takes the reins from John O’Roarke who stepped down as the Bureau’s Chairman after three years. He leaves his role at LV= next month.
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.
Amanda Blanc, the new Chair of the IFB, 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.”
James Dalton, Director of General Insurance Policy, Association of British Insurers, 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 .”