Prevention, Detection and Investigation

When people commit insurance crime, it is not just the insurance industry that pays the price. Law-abiding policyholders end up having to pay for the dishonesty of others. In fact, insurance crime costs Canadians more than $3 billion a year. Whether the crime is committed by an individual intentionally exaggerating the amount of damage incurred in a loss or by a highly sophisticated organized crime ring stealing cars and shipping them to other countries to sell, it all adds up. And ordinary Canadians end up paying the price.

In continuing efforts to put an end to insurance crime, IBC has people, systems and networks in place all across the country to detect and prevent this type of crime - before a costly payout. And even criminals who manage to commit insurance crime are not home-free; IBC uses these same tools to investigate, recover the ill-gotten gains and ensure that the criminals are brought to justice.

IBC has been very successful in battling insurance crime, but there is more to be done. With some simple changes to federal legislation (including Bill C-26), more and stronger relationships with government agencies both in Canada and internationally, and the help of people like you, IBC can curb insurance crime and ensure that your premium dollars go to pay only legitimate claims.