Connecting the Dots: New Cross-Market Intelligence Sharing Platform Detecting Insurance Fraud

23 June 2026 / 3 min read

New fraud intelligence sharing platform lets insurers and fraud investigators spot suspicious patterns across multiple product lines,saving an insurer £500,000 in one case alone.

The Insurance Fraud Investigators Group (IFIG), in partnership with Verisk, launched a new fraud intelligence sharing platform, that gives insurers and fraud investigators a single, secure way to connect intelligence, spot patterns and strengthen early detection across all lines of business.

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By bringing together IFIG, the UK’s not-for-profit anti‑fraud organisation, and Verisk’s insurance data capabilities, the platform connects the best of two worlds: a collaborative investigator-led network and the technology required to make intelligence sharing secure.

Why a new platform was needed

Fraud is one of the most persistent and costly risks in UK insurance. Around £1.1 billion of fraud is detected every year, and the Association of British Insurers estimates a similar amount goes undetected. This results in higher costs for both insurers and honest customers, adding around £50 to the average household’s annual premium.

At the same time, generative AI and other technologies have made it easier than ever to commit insurance fraud, enabling the creation of false documents at the touch of a button.

Despite significant investment in counter‑fraud systems, the industry has faced several long‑standing challenges:

Information has been fragmented across product lines, making it difficult to spot suspicious activity and repeat actors
Many collaboration models have been expensive or restrictive, excluding smaller and niche providers
Intelligence has been contained to individual businesses, helping fraudsters target multiple insurers undetected

These blind spots are exploited by fraudsters, while insurers and genuine customers bear the cost. The market needed a platform that made collaboration accessible and secure.

How the platform works

IFIG’s new platform, powered by Verisk, is designed to give insurers and fraud investigators a clearer, earlier view of fraud risk.

Shared intelligence in one secure place

Members can contribute intelligence on suspicious claims, policies, behaviours and patterns across all lines of business. Because the model is not‑for‑profit and sector‑agnostic, barriers to participation are significantly reduced, enabling a wider and more diverse set of contributors.

Match new claims and policies against collective data

New claims and policies can be compared against intelligence contributed by other members. This enables insurers and investigators to spot connections that may not be visible within a single organisation or line – particularly when fraudsters are deliberately moving between them.

Uncover hidden links and networks

By connecting intelligence across companies and sectors, the platform reveals patterns between individuals, claims, behaviours and networks that traditionally stayed buried in siloed datasets. This speeds up the identification of fraud and strengthens early intervention.

The impact of this approach is already in action:

A collaborative approach

What sets this platform apart is not just the technology, but the collaborative model behind it.

By combining IFIG’s investigator-led community with Verisk’s data capabilities and infrastructure, the platform creates a space where organisations of all sizes can contribute to fighting fraud. The more organisations that contribute intelligence, the more patterns that can be spotted and the fewer blind spots fraudsters can target.

“IFIG has created a genuinely inclusive environment for counter-fraud collaboration, bringing together organisations that historically had limited opportunity to share intelligence. Our role has been to support that vision by delivering a secure, scalable platform that enables intelligence sharing to work effectively in practice,” said Kaye Sydenham, Product Manager for AntiFraud at Verisk Claims UK.

“By combining IFIG’s investigator-led network with Verisk’s insurance data capabilities, insurers gain a clearer view of fraud risks and a more effective way to protect honest customers.”

Fraud is evolving and becoming more sophisticated. The industry now has an answer that mirrors that complexity: a shared intelligence ecosystem that strengthens every participant.

With the launch of this platform, insurers and investigators now have a collaborative, secure and scalable way to connect intelligence across the market. It reduces fragmentation, strengthens early detection and helps ensure that honest customers benefit.

And for fraudsters, the gaps they once relied on are rapidly closing.

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