The Insurance Fraud Bureau (IFB) has announced plans to launch a unified counter-fraud platform in partnership with Shift Technology, scheduled for 2026.
This platform aims to integrate the IFB's core databases—IFB Exploration, the Insurance Fraud Intelligence Hub (IFiHUB), and the Insurance Fraud Register (IFR)—into a single system. By consolidating insurers' transactional, suspected, and confirmed fraud data with case management tools, the platform seeks to enhance fraud detection and streamline investigative processes across the insurance sector.
The use of artificial intelligence will enable the creation of more accurate fraud networks across various insurance products, improving the quality of intelligence shared with insurers, regulators, and law enforcement.
Ursula Jallow, director at IFB, emphasized that this integration will allow the industry to detect, investigate, and prevent fraud more efficiently, ensuring a safer insurance landscape and cost efficiencies for members.
George Robbins, head of UK Markets at Shift Technology, highlighted the importance of industry collaboration and noted that technology is rapidly changing how insurance fraud is conducted and confronted.