Insurance Fraud: IFB unveils counter-fraud platform to tackle insurance fraud

21 Jan 2025 10:51 AM | Anonymous member (Administrator)

Integrated system aims to boost efficiency and disrupt organised fraud networks.

The Insurance Fraud Bureau (IFB) has announced plans to introduce a unified counter-fraud solution in partnership with Shift Technology.

Scheduled for launch in 2026, the new platform will integrate the IFB’s industry-wide counter-fraud databases into a single system aimed at strengthening fraud detection and streamlining investigative processes across the insurance sector.

The consolidated platform will combine insurers’ transactional, suspected, and confirmed fraud data with fraud investigation case management. IFB explained that this integration is designed to improve fraud detection capabilities and make counter-fraud operations more efficient and effective across the industry.

https://www.insurancebusinessmag.com/uk/news/technology/ifb-unveils-counterfraud-platform-to-tackle-insurance-fraud-520824.aspx


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