Karl Parr appointed to Insurance Fraud Bureau board

Karl Parr named Non-Executive Director of the Insurance Fraud Bureau
Appointment underpinned by AXA’s commitment to fighting fraudulent insurance activity

AXA UK & Ireland and the Insurance Fraud Bureau today announce Karl Parr’s appointment as Non-Executive Director of the Insurance Fraud Bureau (IFB). As AXA’s Claims Technical Services Director and with vast experience in the claims and fraud space, Karl is well placed to advise and support the operations of the IFB.

The IFB aims to lead the insurance industry’s collective fight against organised fraud by sharing data and intelligence as well as promoting cross-industry collaboration to detect and disrupt organised fraud networks.

As part of the board, Karl will be involved in strategy direction and delivery as well as working with the Government on a fraud charter, which integrates insurance fraud into the larger economic crime plan.

Karl’s appointment is testament to AXA’s commitment to fighting fraudulent activity, investigating suspicious claims, and taking fraudulent claimants to court when necessary. This is essential to stopping these types of harmful practices and protecting honest customers from the consequences of unlawful activity.

I am delighted to have been appointed to the board of the IFB. Industry collaboration is essential to fighting insurance fraud and I am looking forward to working together with the Bureau and my peers to continue driving our mission to protect customers from fraudulent activity everyday.

Karl Parr, Claims Technical Services Director at AXA UK&I

Ben Fletcher, Director, Insurance Fraud Bureau

I’m very pleased to welcome Karl as a Director on our Board, who comes with over 35 years’ working at the forefront of the insurance sector. As the nature of fraud rapidly evolves so too are our plans, including industry-wide consultation on IFB services, the unveiling of new counter-fraud technology and crucial engagement with government on its Economic Crime plan. Karl’s expertise will prove invaluable in helping to shape these ambitious projects and our strategic direction, which will undoubtedly enhance the industry’s collective fight against fraud.

Ben Fletcher, Director at Insurance Fraud Bureau

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About AXA UK

AXA Insurance UK plc registered in England and Wales under registered number 078950 and authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority under Financial Conduct Authority registration number 202312. Registered office is 20 Gracechurch Street, London, EC3V 0BG.

AXA UK is part of the AXA Group, a worldwide leader in insurance and asset management, with 147,000 employees serving 94 million clients in 50 countries. In 2023, IFRS revenues amounted to Euro 102.7 billion and underlying earnings to Euro 7.6 billion. AXA had Euro 844 billion in assets under management as of December 31, 2023.

In the UK & Ireland, AXA operates through a number of business units including: AXA Insurance, AXA Health and AXA Ireland. AXA UK & Ireland employs around 10,000 staff.

Important legal information and cautionary statements concering forward-looking statements

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, expectations or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in such forward looking statements. Please refer to Part 5: “Risk Factors and Risk Management” of AXA’s Universal Registration Document 2022, for a description of certain important factors, risks and uncertainties that may affect AXA’s business and / or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations.

AXA Claims Technical Services Director, Karl Parr, appointed to board of the Insurance Fraud Bureau