The company said the establishment of a taskforce and hotline clearly shows the Government's commitment to take action and address the increase in suspicious CTP claims.

IAG Chief Executive of Australian Consumer Division, Anthony Justice said the rise in suspicious CTP claims has been significant over the past few years and is accelerating dramatically.

'Despite decreasing casualty rates and safer road awareness campaigns, the number of CTP claims across the industry increased by 39 per cent between 2008 and 2014 and we have seen a 30 per cent increase in just 12 months,' Mr Justice said.

'CTP insurance is designed to protect motorists from the financial cost of injuring someone else on our roads, but unfortunately there are some extreme claims that are considered to be fraudulent.

'We will continue to actively work with the Government and the relevant authorities to remove such practices.'

IAG - Insurance Australia Group Limited issued this content on 02 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 March 2016 04:02:30 UTC

Original Document: http://www.iag.com.au/ctp-taskforce-must-protect-motorists-and-community-fraud