Verisk has developed a cloud-based e-alerts platform for the Insurance Fraud Investigators Group (IFIG).
The new platform will enable more than 300 IFIG industry users to access the group’s extensive fraud database to aid insurance fraud detection, prevention and subsequent investigations.
According to Verisk, the solution boasts rapid access to detailed fraud intelligence and will form the foundation of IFIG member collaboration when dealing with insurance fraud.
Steve Jackson, chairman of IFIG, said: “As a central part of the industry’s efforts against ever-evolving fraud threats, we needed an innovative replacement for our e-alerts system.”
“Verisk has delivered a solution that addresses all of our recurring pain points and provides a strong, future-proof foundation for IFIG members to continue their excellent, collaborative counter-fraud activities.”
IFIG serves a large and diverse membership, including major insurers, police forces, local authorities and other specialist groups. With the new Verisk solution, its members can access a database to engage in knowledge sharing and discussion using effective search, filtering and management tools.
Database monitoring and administration have also been enhanced with granular reporting and improved data cleansing capabilities.
Steve Paton, head of anti-fraud services in the EU at Verisk, commented: “This new platform will enhance both user experiences and operational outcomes—and we’re already exploring how to leverage the system’s capabilities with other Verisk solutions.”
“We’re pleased that Verisk’s technology expertise, combined with decades of counter-fraud experience, has enabled development of this new solution to bolster IFIG members’ efforts to fight insurance fraud.”