Ireland’s profitable and exploitable compensation environment has lured fraudsters from the UK to stage accidents in the country, according to insurance law firm DWF.
The
Irish Times reported that Ireland has become an attractive destination for British fraudsters because the payout levels in the country are higher than those in the UK.
Strict data protection laws in Ireland that prevent insurers from sharing information on claims histories has also enticed UK fraudsters, the report said.
“We have UK-based fraudsters who we know are coming regularly to Ireland based on intelligence,” DWF partner, Paul Holmes told the
Irish Times.
“The reason why they think it is a good jurisdiction is first of all because of massively increased damages they can get compared to the UK and second, because of the lack of data-sharing, they are much more likely to get away with it.”
At the same time, there are also “extremely sophisticated” fraudsters based in Ireland that carry out fake crashes in England and Wales, Holmes said.
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