If an insurer wants to check an individual's claims history for motor insurance, which source would it typically refer to?

The Claims and Underwriting Exchange is the primary source an insurer would refer to when checking an individual's claims history for motor insurance. This database serves as a central repository where claims information from various insurers is collected and shared. It allows insurers to assess the risk associated with a potential policyholder by reviewing their past claims history, including details on any claims made, the nature of those claims, and whether they were settled or denied.

By using the Claims and Underwriting Exchange, insurers can make more informed underwriting decisions, potentially leading to better risk assessment and premium pricing. This is crucial because understanding a person's claims history can significantly affect the insurer's willingness to provide coverage and the terms of the policy.

Other sources, while related to the insurance industry, serve different purposes. The Financial Conduct Authority regulates the conduct of firms in the UK financial services industry but does not provide claims histories. The Motor Insurers' Bureau deals primarily with compensation for victims of uninsured and hit-and-run accidents rather than individual claims histories. The Motor Insurers Database maintains records of insured vehicles but is not specifically focused on individual claims history. Therefore, the Claims and Underwriting Exchange is the most appropriate source for checking an individual's claims history in the context of motor insurance.